logo
  

Severn Trent H1 Pre-tax Profit Climbs, Cuts Dividend

Water utility Severn Trent Plc. (SVT.L) Thursday said its first-half profit before tax advanced to 186.2 million pounds from 137.1 million pounds reported last year.

Earnings per share grew to 60.0 pence from 44.9 pence.

Group turnover was 896.1 million pounds, compared to 898.3 million pounds last year.

The Board has declared an interim ordinary dividend of 32.26 pence per share, compared to 33.96 pence per share last year, which will be paid on January 8, 2016 to shareholders on the register at December 4, 2015.

There has been no material change to outlook for 2015/16 since the trading update on July 15.

For comments and feedback contact: editorial@rttnews.com

Business News

This week, we feature Nigeria’s combat with meningitis, Hostile takeover bid for Vanda Pharma, US opioid crisis, Sammy’s Milk’s safety concerns, and X4’s Mavorixafor’s fast-track status.

View More Videos
RELATED NEWS
Follow RTT