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.
Work to improve mooring at Ferry Terminal in Liverpool scheduled for next week
Manx Care reports major drop in dental waiting lists
Police 'disappointed' to find more than half of vehicles with defects in latest winter checks
More coastal overtopping expected today