Welsh Water 'investing nearly £1m every day'

Nearly £1m is being invested daily in Welsh Water's infrastructure, its chief executive has said.

Chris Jones said the firm was investing "more than we've ever done".

He spoke as the utility firm reported profits of £50m - up from £29m on the year before.

The results mean 2013/14 was Welsh Water's strongest operational year since it became a not-for-profit company in 2001 and any profits are put back into the business.