Tight cost control helped us deliver a strong result and we maintain sector-leading financial resilience


Revenue of £1,819 million increased by £83 million, largely reflecting the allowed regulatory revenue profile in our final determination for this financial year

Underlying operating profit*

Underlying operating profit of £685 million increased by £40 million, mainly due to the revenue increase partly offset by increases in infrastructure renewals expenditure and depreciation for the year

Reported operating profit*

Reported operating profit of £635 million decreased by £1 million, mainly as a result of the increase in underlying operating profit offset by exceptional one-off costs associated with the extreme dry weather in the summer of 2018

Total dividend per share

Total dividend per ordinary share of 41.28 pence increased by 3.9 per cent in line with our policy of targeting an annual growth rate of at least RPI inflation through to 2020

*A guide to alternative performance measures and a reconciliation between underlying operating profit and reported operating profit is shown in Our performance in 2018/19.