Pennon expects to deliver profit despite plunging recycling revenues

Utilities company Pennon Group has said it expects to post a three per cent rise in profit before tax for the half year and will increase the interim dividend by 6.6 per cent to 8.76p.

Utilities company Pennon Group has said it expects to post a three per cent rise in profit before tax for the half year and will increase the interim dividend by 6.6 per cent to 8.76p.

The increase comes despite the fact the company's recycling revenues in the first half are expected to be £18.8m lower than the same period last year.

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