Severn Trent posts 7% increase in pre-tax profits

Severn Trent has posted a pre-tax profit of £563.3 million in the year to 31 March 2019 - up 6.8 per cent on the year before. Group turnover grew 4 per cent to £1.72 billion, while total profits were £315.3 million, up from £252.8 million in 2018. The company also reported good progress against some of its key objectives, including achieving 50 per cent self-generation of its electricity needs