by Trevor Loveday
Severn Trent ups pre tax earnings 20%
Severn Trent Water reported a 20% hike in profit before tax to £201.3m for the year to 31 March 2024.
Turnover increased 8% year-on-year to £2.34bn, with operating costs up £170m to £1.82bn. Net finance costs were down 22% to £281.5m.
The company’s share of losses in its water retail joint venture with United Utilities, Water Plus, was £4.1m.
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