Interim Results Announcement for the six months ended 30 September 2002
05/12/2002
HIGHLIGHTS
Group turnover up 5.2% to £346.8m.
Group operating profit increased 4.7% to £138.7m.
Group profit before taxation £94.2m up 3.1%.
Adjusted earnings per share (before deferred tax) up 5.8% to 22.0p.
Continued good performance from UK/US water businesses
Yorkshire Water outperformance continues
Regulated operating costs reduced by further 1.3%
Now number 2 in Ofwat overall performance assessment
Aquarion acquisitions complete and earnings enhancing
Interim dividend increased 2.1% to 7.86p.
KEY FIGURES
2002
2001
Increase
Group turnover
£346.8m
£329.8m
5.2%
Group operating profit
£138.7m
£132.5m
4.7%
Profit before taxation
94.2p
£91.4m
3.1%
Adjusted earnings per share (excluding deferred tax)
22.0p
20.8p
5.8%
Interim dividend per year
7.86p
7.70p
2.1%
Commenting on the results, Kelda Chairman John Napier said:
“This is a good set of results based on continued strong performance by Yorkshire Water and further growth in the US. Yorkshire Water is managing to combine excellent operating and service performance with continued reduction in operating costs. Current and intermediate prospects look favourable”.
For further information contact
5 December
Richard Emmott, Kelda Group
0207 568 2128
Andrew Grant/Nigel Fairbrass,
0207 353 4200
Tulchan Communications
After 5 December
Kelda Group Press Office
01274 692954
View the full document in PDF format (49 KB).
In order to read this format you will need the Acrobat Reader.
