Pennon Group Debt

Is Pennon Group debt too high to sustain?

Although Pennon Group reported higher sales of 6.1% and operating profit rising by 5.5%, along with interim dividend increasing to 12 pence per share, a rise of 7.9% it didn’t report changes to net borrowings. Net Borrowing rose to £2.79bn from £2.66bn, whereas total borrowings rose to £3.36bn. Also, the company didn’t mention trade payables […]

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