Interim Management Statement to 31 July 2007
01/08/2007
Kelda Group plc today issues the following interim management
statement which covers the period from 1 April 2007 to 31 July
2007.
Financial position and performance
Yorkshire Water
Yorkshire Water has performed in line with expectations during
the period, despite exceptionally high levels of rainfall in June
and July, with flooding in many areas. The flooding had a
significant impact on operations, although the impact on financial
performance is not expected to be material as it is subject to
insurance cover.
UK Operating Services
The existing Operating Services companies have continued to
perform well, including Kelda Water Services.
Material events and transactions
On 1 May 2007, the Group announced completion of the disposal of
its US regulated business, Aquarion.
Following shareholder approval on 1 June 2007, the Group
completed its planned return of £753 million to
shareholders.
During the four months to 31 July 2007, Yorkshire Water
successfully entered the long term sterling bond market raising
£600 million thereby increasing the funding available to the
Group.
Summary
Trading performance and financial position for Yorkshire Water
and other group companies continues to be in line with the Board's
expectations and will be further detailed in our interim financial
statements for the six month period ending 30 September 2007, to be
announced on 28 November 2007.
ENDS
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