Severn Trent posts 6.8% rise in annual profit
Water utility Severn Trent has posted a 6.8% rise in annual profit, boosted higher sales in its regulated and waste water business and growth in its business services division.
Pre-tax profit for the year for the year to the end of March rose £36m to £563.3m, as revenue rose 4.2% to £1.78bn.
“Our regulated water and waste water business delivered good growth in PBIT, even after an additional £22m of operating costs from the hot, dry summer and our recovery after it.
“In business services, stronger performance in the s... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...