The Walsall-headquartered integrated serviced group, which operates South Staffordshire Water and Cambridge Water, posted a pre-tax loss of £23.1 million for the year to the end of March from a £7.6m profit a year earlier.
The losses was put down to the impact of rising costs including on energy and chemicals, higher than expected water production due to the fourth warmest summer ever recorded in the UK and the cyber attack in August 2022 on the company which supplies water to 1.3 million people in the West Midlands.
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Source: Express & Star News