Pennon Group plc (GB:PNN) has released an update.
Pennon Group plc reported robust full-year results for 2023/24, with a 10% increase in revenue to £907.8 million and an 8.6% rise in underlying operating profit to £166.3m, despite a statutory loss before tax. Focusing on sustainable growth, the company invested in record levels of capital expenditure, renewable energy, and supported customers with over £100m. Pennon also acquired SES Water, expanding its presence in Southern England. The company remains committed to delivering shareholder value, customer health and safety, and environmental improvements.
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