Thames Water’s 31.5% profit jump

On Wednesday Thames Water reported a 31.5% rise in profits – £346.5 million in total. This was on the back of bill increases for customers of 21%.

On Wednesday Thames Water reported a 31.5% rise in profits – £346.5 million in total. This was on the back of bill increases for customers of 21%.

The German company that manages to leak away 197 million gallons of water a day is currently asking customers to be very careful with water supplies. Needless to say, Ofwat are not too chuffed about it and are threatening to impose their maximum penalty of 10% of the company’s turnover.

Read the full Ofwat report on Thames Water.

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