NI water announces £133m profit

28 August 2012 Last updated at 01:26 ET


By Colletta Smith NI Business News Reporter
Ni water has made a profit of £133m this year.

Northern Ireland Water has made a profit of more than £133m this year, up from £112m in 2011.
The company paid less tax after the chancellor lowered the corporation tax level in April - that accounted for about £10m of the extra profit.
It also received more money this year from the Executive and from businesses to cover water costs.
Most of its money comes from public funding so the profit will be returned to the Regional Development department.
However, the company

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