Pennon Group plc (GB:PNN) has released an update.
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Pennon Group plc reported a mixed financial performance for the first half of 2024/25, with a statutory loss before tax of £38.8m, partly due to restructuring costs and investments to improve water quality. Despite lower revenues from South West Water, the company remains optimistic about future growth, supported by a robust balance sheet and strategic investments in infrastructure and customer service. The group is focusing on efficiency improvements and renewable energy projects to enhance its operational capabilities and align with its environmental goals.
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