UK's United Utilities sees 10% rise in annual revenue after HY profit surge
Adds sector context in paragraph 3, details on profit in paragraph 4
Nov 14 (Reuters) -United Utilities UU.L, which supplies water to northwest England, said on Thursday it expects full-year revenue to increase by about 10% after it reported a more than two-fold rise in first-half profit, supported by pricier consumer bills.
The implies that the company's revenue for year ending March 31 will be roughly in line with analysts' expectations of 2.13 billion pounds ($2.70 billion), according to LSEG estimates.
The sector has been under extreme regulatory and public scrutiny, especially as the largest of the British water suppliers, Thames Water, risks running out of funds if financing talks with creditors fall through.
United Utilities posted underlying pre-tax profit of 182.9 million pounds for the six months ended Sept. 30, compared with 90.3 million pounds in the year-ago period.
($1 = 0.7885 pounds)
Reporting by Prerna Bedi and Aby Jose Koilparambil in Bengaluru; Editing by Janane Venkatraman and Savio D'Souza
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