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Evening Standard
Evening Standard
Business
Holly Williams

Thames Water swings to profit but debt mountain swells to £20bn

Thames Water
Troubled Thames Water has revealed it swung to an annual profit but saw its debt mountain balloon close to £20 billion (PA) - (PA Archive)

Troubled Thames Water has revealed it swung to an annual profit but saw its debt mountain balloon close to £20 billion.

The UK’s biggest water supplier, which has around 16 million customers across London and the South East, reported pre-tax profits of £226.4 million for the year to March 31 in a marked improvement from mammoth losses of £1.65 billion the previous year.

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