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Thames Water lobbying government to let it increase bills by 40%
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"In its annual report for the year ending 31 March 2022, Thames Water had reported annual revenues of around £2bn, generating a profit before interest, taxes, depreciation and amortisation (EBITDA) of around £1bn (a margin of around 50%). (Wiki)" But EBITDA is just an accounting number used to impress investors. Their actual profit was £159.9m, or 8%. | |||
"In its annual report for the year ending 31 March 2022, Thames Water had reported annual revenues of around £2bn, generating a profit before interest, taxes, depreciation and amortisation (EBITDA) of around £1bn (a margin of around 50%). (Wiki) Thames Water has also posted an almost £400 million profit for the past six months of this year.24 Jan 2024 Enough to pay its new boss an annual salary worth £850,000, on top of £102,000 in yearly pension payments, and a £15,000 car allowance. (14 Dec 2023) " . You probably need to download the accounts of Thames Water in order to obtain more accurate information. Most people would expect a company to employ a top quality CEO and pay accordingly | |||
"In its annual report for the year ending 31 March 2022, Thames Water had reported annual revenues of around £2bn, generating a profit before interest, taxes, depreciation and amortisation (EBITDA) of around £1bn (a margin of around 50%). (Wiki) Thames Water has also posted an almost £400 million profit for the past six months of this year.24 Jan 2024 Enough to pay its new boss an annual salary worth £850,000, on top of £102,000 in yearly pension payments, and a £15,000 car allowance. (14 Dec 2023) . You probably need to download the accounts of Thames Water in order to obtain more accurate information. Most people would expect a company to employ a top quality CEO and pay accordingly " Don’t forget anyone can be a CEO, telling people what to do all day from the golf course! There is a lack of understanding not only here but nationally, what being a CEO is, other than terms like fat cat. | |||
