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Wales & West Utl Fin (51UQ)

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Tuesday 02 April, 2013

Wales & West Utl Fin

Annual Financial Report

RNS Number : 1813B
Wales & West Utilities Finance PLC
02 April 2013
 

 

 

Issuer: Wales & West Utilities Finance plc
Date: 2 April 2013

 

Wales & West Utilities Finance plc
(incorporated with limited liability in England & Wales with

registered number 6766848)

 

Wales & West Utilities Finance plc ("WWUF") is a wholly owned subsidiary of Wales & West Utilities Limited ("WWUL").  The listed bonds issued by WWUF are unconditionally and irrevocably guaranteed by WWUL.

 

WWUL announce today their results for the 9 months ended 31st December 2012.   The company has changed year-end following the acquisition of the group by a consortium comprising Cheung Kong Infrastructure Holdings Limited, Cheung Kong (Holdings) Limited, Power Assets Holdings Limited and Li Ka Shing Foundation Limited.

 

WWUL reported EBITDA of £95.4m and cashflow from operating activities was £60.7m.

 


9 Months to

31 December 2012

£m

 

Year to

31 March 2012

£m

Turnover

277.0

350.9

Operating costs (excluding exceptional items)

(100.6)

(118.8)

Exceptional items

(11.0)

-

Earnings before interest, tax, depreciation, amortisation and replacement expenditure



 

165.4

 

232.1



Replacement expenditure

(70.0)

(97.3)

Reported earnings before interest, tax, depreciation and amortisation (EBITDA)



 

95.4

 

134.8



 

WWUL, based in Newport, is one of eight regulated gas distribution networks in Great Britain. WWUL provides gas distribution services in an area in Wales and the South West of England covering some 41,000 square kms and serving 2.5 million supply points.

 

To obtain a copy of the report of the directors and the financial statements for Wales & West Utilities Limited and Wales & West Utilities Finance plcplease contact:

 

Email: [email protected]
Website:
www.wwufinanceplc.co.uk

 

If you have any further questions then please contact:

 

Adrian Breakspear
Wales & West Utilities Limited
Wales & West House
Spooner Close
Celtic Springs
Coedkernew
Newport NP10 8FZ

Tel: 02920 278841


This information is provided by RNS
The company news service from the London Stock Exchange
 
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