Pennon Group's Profit Surge Amidst Water Crisis
Update: 2025-11-27
Description
Pennon Group, owner of South West Water, reports a significant profit turnaround in the first half of the year, with a twenty-six percent jump in regulated water revenue. Despite criticism over wastewater spills, the company achieved a pre-tax profit of sixty-five point nine million pounds, a stark contrast to last years loss. Total revenue climbed by nearly twenty-five percent, reaching six hundred and fifty-eight point one million pounds. Pennon remains committed to addressing pollution incidents and investing in services for hotter summers, with pollution incidents reportedly halved compared to last year.
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