Pennon Group reports fall in annual profits

Pennon Group's annual pre-tax profits fell 1.1 per cent to 198.2m pounds reflecting the weak performance of its recycling business.

Pennon Group's annual pre-tax profits fell 1.1 per cent to 198.2m pounds reflecting the weak performance of its recycling business.

The British water utility and waste management company reported a 9.9% fall in earnings per share to 42.6p for the year to end of March.

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