September 28, 2018 / 6:22 AM / 8 months ago

Britain's United Utilities sees higher first-half profit, revenue

Sept 28 (Reuters) - Britain’s United Utilities Group said on Friday it expected underlying operating profit and revenue for the first half of the year to be higher, even as it promised to reduce leakages and improve service while controlling prices.

The water utility expects to invest an additional 80 million pounds ($104.7 million) during the current financial year to safeguard continuity of supplies to customers and protect its water resources after Britain’s spell of extreme hot and dry weather.

Earlier this month, United Utilities and other top British water companies unveiled business plans to reduce leakages by 15 percent in 2020-2025 and improve service while controlling prices after their performance was questioned during the country’s hottest summer in decades. ($1 = 0.7642 pounds) (Reporting by Noor Zainab Hussain and Samantha Machado in Bengaluru; Editing by Gopakumar Warrier)

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