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Affinity Water Limited
Tamblin Way Hatfield
Hertfordshire AL10 9EZ
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You are here : At Home > Corporate > News
03 July 17
The company continues to work hard to achieve the stretching regulatory targets set for AMP6.
Chief Executive Officer, Simon Cocks, said: “It has been a year of continued progress at Affinity Water and I’m pleased to report that we have made significant headway towards our aim of delivering a strong and sustainable business for the customers we serve, the environment and our investors.
“We are committed to improving how we work, delivering a great service for our customers and our commitments are reflected in our financial and operational performance. We have strengthened our teams and invested in our assets for the benefit of our customers and communities. During the year we incurred additional costs preparing for the non-household retail market opening and on financing activities, designed to further strengthen our financial resilience and reduce long term costs of financing the business.”
There has been no change in the company’s dividend policy during the year, although year on year dividends increased by £10.5 million. This increase can be attributed to a £2.0 million net premium from a bond exchange in August 2017, and £8.5 million directly from initial anticipated proceeds from the disposal of the company’s non-household retail business to Affinity for Business (Retail) Limited.
View Affinity Water Limited’s Annual Report and Financial Statements for the year ended 31 March 2017
Our Communications team handles all media enquiries on behalf of Affinity Water and its employees.
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Registered office: Tamblin Way, Hatfield, Hertfordshire, AL10 9EZ.
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