UK's Pennon Group falls after posting pretax annual loss

Pennon

03/06/2025 11:20

** Shares of British water utility Pennon Group PNN.L down 2.69% at 490.8p

** Stock among top losers on FTSE 250 .FTMC index

** Company posts adjusted loss before tax of 35.1 million pounds ($47.44 million) for 2024-25 compared with a profit of 16.8 million pounds during 2023-24

** PNN expects to return to profitability in 2025-26

** Says 2024-25 results in line with expectations

** Shares up 6.03% YTD

($1 = 0.7399 pounds)

(Reporting by Rishab Shaju in Bengaluru)

((Rishab.Shaju@thomsonreuters.com;+91 9048142177))