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South East Water revenues nearly £111m

By Chris Price

South East Water made revenues of nearly £111 million in the first half of its financial year, up 1%.

The drinking water supplier serves 2.1 million customers in large parts of Kent, Sussex, Surrey, Hampshire and Berkshire.

Pre-tax profits were static at £21.8 million.

South East Water revenues were nearly £111 million

South East Water revenues were nearly £111 million

It has invested £6 million in installing 25,000 water metres during the six months to the end of September.

It has installed 200,000 metres since 2011, covering 78% of its customers.

Complaints were down 33% in the first six months of its financial year for the firm, which is 18 months into a five-year business plan.

Chairman Nick Salmon said: “The increased revenue is largely due to increased prices averaging 4.2% for the year, the impact of metering and the numbers of new properties in the area.

South East Water provides drinking water for a large part of Kent

South East Water provides drinking water for a large part of Kent

“This is partially offset by an average five per cent lower consumption due to the cooler and wetter than average summer.”

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