Business
Full Year Results 2018/19 (Replacement)
Full Year Results 2018/19 (Replacement).
About this update from Pennon Group Plc
[{"type":"text","content":"\n \nRNS Number : 5859A Pennon Group PLC 30 May 2019 \n\nThe headline for the Pennon Group PLC announcement released on 30 May 2019 at 07.00am BST under RNS No 5384A should read Full Year Results 2018/19, not Annual Financial Report. \n \nThe announcement text is unchanged and is reproduced in full below.\n \n30 May 2019 \n Full Year Results 2018/19\nfor the year ended 31 March 2019\n \nBringing resources to life\n \nChris Loughlin, Pennon Chief Executive said: \n \n\"Pennon has delivered another year of strong performance across the Group, fulfilling our promises to customers and communities in a responsible and sustainable way. \nViridor is delivering sustainable growth in UK recycling and residual waste management. The existing portfolio of Energy Recovery Facilities is performing well, transforming waste into electricity and heat and underpinning Pennon's earnings growth beyond 2020.\nMarket dynamics continue to be favourable with the 'Blue Planet' effect spurring action, while the Government's recent Resources & Waste Strategy will encourage positive reform. Today we are announcing the first part of Viridor's next growth phase with significant investment in a new, state of the art plastics processing facility. The facility will be powered by low carbon energy from our Energy Recovery Facility in Avonmouth, adding much-needed recycling capabilities to the UK market. \nSouth West Water has invested over £7 billion since 1989 with over £650 million invested in this regulatory period alone. This investment enabled South West Water to demonstrate its resilience over the course of this year in extreme weather conditions, recording the lowest ever supply interruptions and again meeting our leakage target. Our focus on delivering sector-leading customer experience has been reflected in our highest ever customer service score...