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Jersey Water's profits trickled down in 2018

Jersey Water's profits trickled down in 2018

Friday 22 March 2019

Jersey Water's profits trickled down in 2018


Jersey Water recorded a £3.8 million profit before tax last year - 7% lower than the 2017 profit of £4.1m, according to their latest financial results.

Elsewhere, the annual results showed that the hot and dry summer of 2018 contributed to an increase in turnover of 7.8% to £17.2 million.

The figures also showed the company invested £3.91m in capital projects, including 4.5km of mains renewals and extensions, and other investment in water quality improvement and resource initiatives.

Water quality was very high throughout the year with a compliance rate of 99.99% (2017:99.98%). Pesticides or nitrates levels didn't exceed regulatory limits in treated water. 

Jersey Water’s Chief Executive, Helier Smith, said: “We are proud of our financial and operating performance during 2018 and in particular the high quality of the water supplied and excellent customer service feedback we received. I am very grateful to the team at Jersey Water who have worked hard to deliver our business objectives and who go above and beyond to provide the best service to our customers.

“Water quality remains an important topic for debate in Jersey and it is pleasing to see that treated water remains fully compliant with regulations for nitrates and pesticides. We continue to work closely with the States of Jersey and the farming community and make progress in improving the quality of untreated water in our catchment areas.”

“The work on the Water Resources Management Plan is vitally important and will help us ensure that we have sufficient water resources for generations to come," Mr Helier added. "The previous plan in 2010 resulted in island wide water metering and the extension of the desalination plant. In 2019, we look forward to developing our detailed action plan and consulting with Islanders on the measures needed to manage the demand for water and increase the water resources at our disposal.”

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