or the RNS
https://www.investegate.co.uk/pennon-gr ... 11389593T/
Resilient financial performance
· Results in line with management expectations
· +21.8% underlying revenue^, with Bristol Water contributing £41.6 million
· +8.8% organic[8] underlying revenue^ primarily due to a recovery in non-household demand both in and out of region and contributing contract wins from Pennon Water Services
· +1.8% organic8 underlying EBITDA^ growth with higher costs to serve driven by high levels of demand and cost pressures from macro-economic factors
· +14.3% underlying EBITDA^ growth with contribution from Bristol Water from 3 June 2021
· +29.1% increase in profit before tax
·+4.3% increase in underlying profit before tax^ with contribution from underlying EBITDA^ growth offsetting increased interest charges on index-linked debt
· +14.2% increase in adjusted earnings per share^ (adjusted for share consolidation)6
· Loss per share of 6.3 pence (H1 2020/21 earnings of 420.9 pence) reflecting non-underlying costs, primarily related to deferred tax charge (£96.9 million) for the future change in tax rate
· Sector-leading dividend growth of 4.9% with dividend per share up (CPIH +2%) to 11.70 pence7
Paid 5th April Ex Divi 27th January