Profits down at Anglian Water

Group pre-tax profits shrunk by 10% to £204m at Anglian Water, despite sales rising 5% to £873m in the year to March. The firm, which is to change its name to AWG, blamed the profit downturn on a price freeze at its core East Anglian utility, which caused a £30m drop in income. It said […]

Group pre-tax profits shrunk by 10% to £204m at Anglian Water, despite sales rising 5% to £873m in the year to March. The firm, which is to change its name to AWG, blamed the profit downturn on a price freeze at its core East Anglian utility, which caused a £30m drop in income. It said it would continue to focus on maximising its non-regulated businesses.