Sale of former HQ key to overturning deficit
Manx Utilities Authority has reported a £1 million surplus for the past financial year, reversing a deficit of £3 million [in 2014-15].
The MUA will present its annual report and accounts to Tynwald next week - two years after its formation in a merger of the former water and electricity authorities.
The figures show revenue up by £2 million - mainly through the sale of the former Water and Sewerage headquarters - while operating costs have fallen by the same figure.
Capital expenditure, partly funded through the sewerage rate, totaled £19 million.
Consumers faced price rises in line with inflation, but overall sales of electricity fell.
Chairman Dr Alex Allinson says the MUA serves the community well.
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