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 WATER PROFITS "AMONG WORLD'S HIGHEST"  
 The UK water industry enjoys some of   
 the highest profit margins in the      
 world, according to new research.      
                                        
 One water multinational (ad a profit   
 margin of 36.9% in the UK, 3% in Europe
 and 1.1% in the US, said the Public    
 Services International Research Unit.  
                                        
 Ofwat should "j harder on profit       
 margins, the report's !uthor conclu$jd.
                                        
 But Water UK, which reprewjnts the     
 water companies, insisted that the     
 comparisons were not like for like.    
                                        
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