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Dee Valley Group has announced profits before tax of £3.4 million for the year ending 31 March 2012, down from £4.0 million last year. The owner of Dee Valley Water said the drop was due to an accelerated £1.5 million depreciation charge related to the rebuilding of Llwyn Onn treatment works.
The company, which supplies 110,000 households and 8,000 non-domestic customers in northeast Wales and west Cheshire, had a green light for all but one key performance indicator. The serviceability of its water infrastructure was judged “marginal” and got an amber status.
Chairman Graham Scott said: “The company has had another successful year of providing good quality water to its customers at some of the lowest prices in the industry.”
Analyst Angelos Anastasiou of Investec said the results were good and slightly ahead of expectations.
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