Welsh Water reports £25m pre-tax profit

Plug £1bn in Welsh Water service improvements pledged by 2015

Related Stories

Dwr Cymru Welsh Water has reported pre-tax profits of £25m, compared to £34m last year.

The company said it invested £153m on capital projects in six months to September, up £40m on the same period last year.

Bob Ayling, chair of operator Glas Cymru, pledged continued improvements as part of a £1bn investment programme.

Welsh Water has been owned and managed by the not-for-profit company since 2001.

Mr Ayling said the company was on track to deliver over £300m in investment in the full year and £1bn in the three years to 2015.

Referring to the interim results, he said: "This continuous improvement is supported by an ambitious investment programme, underpinned by the strong financial position of our unique ownership model."

He highlighted key investments this year including £9m for a new service reservoir at Coed Dolwyd to provide emergency water storage for over 70,000 customers in the Llandudno and Colwyn Bay area.

And a £4m project at Britton Ferry to reduce the "longstanding, serious threat of sewer flooding to the community".

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC North West Wales

Weather

Anglesey

Min. Night 14 °C

Features

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.