Thames Water returns to profit after raising bills

Image source, Getty Images Published 11 minutes ago Thames Water has returned to a full-year profit after hiking its customers bills by 40% last year. The UK's largest water company reported post-tax income of £113m for the 12 months to the end of March, swinging from a £1.51bn post-tax loss the previous year. However, the firm's net debt also swelled to £18.5bn from £16.8bn as it said it "continued to fund the business through... debt and internally generated cash flows". Chief executive Chris Weston said: "The progress we have made in turning the company around has meant we are now performing better." Related topics Companies Thames Water