Latest news for Severn Trent (OTC:SVTRF) Stock

Severn Trent PLC is a United Kingdom-based water utilities company. The company mainly operates in the U.K., but also in the United States and other countries in Europe. The company derives the majority of its revenue from its regulated water and wastewater segment, which supplies water and conducts sewage and environmental services. The company also operates a business services segment that is involved with renewable energy operations. The company provides contract services to industrial and municipal clients to develop water treatment facilities and networks. The firm generates its renewable energy by using hydropower, wind power, and solar power.

News

Intraday Update

Markets

Movers

Trading Ideas

ADNT

ADYEY

ADYYF

AFGC

AFTPF

AIQUY

ALLE

ALSK

ALSWF

ANSS

APTO

AQUA

ARES

ASPU

BCOW

BILL

CBRE

CCXI

CDAY

CFDB

CGEN

CGJTF

CGUD

CHDN

CHGCY

CHTR

CLHRF

CLNXF

CLSD

CNNE

CSOC

CTLT

CTPTY

DDOG

DNLMY

DNPLY

DOCU

DOOO

DSNKY

EDRVF

ELVT

ELYGF

FATE

FJTSY

FLXT

GLGDF

GLIBA

GLPI

GLVMF

GPTRF

GRSFF

HIMX

HPTO

HRNNF

IBDSF

IMMFF

IMPZY

INGIY

INVH

ITMR

IVME

JAGR

JJAQF

KRNT

LBRDA

LBRDK

LPKFF

MCRI

Stocks That Hit 52-Week Highs On Monday

Earnings

SVTRF

Severn Trent H1 Underlying Pretax Profit Rises

Dividends

Severn Trent Posts 32% Rise In Profit, Lifts Dividend

Severn Trent PLC

Severn Trent

Severn Trent PLC (OTC: <a class="ticker" href="/stock/svtrf#OTC">SVTRF</a>) reported a rise in its first-half underlying pretax profit and lifted its interim dividend.

For the six months, Severn Trent's pretax profit fell to 138.2 million pounds ($216.55 million), versus a year-ago profit of GBP191.2 million. Underlying pretax profit climbed to 155.8 million pounds ($244.2 million) versus 141.3 million pounds.

The group's profit before interest and tax gained 3% to 275 million pounds (430.57 million US dollar).

Its turnover climbed to GBP947.6 million, versus GBP922.4 million.

Severn Trent lifted its interim dividend by 5.6% to 33.96 pence per share.

CEO Liv Garfield said, "Our focus on customers continues; our average combined bill is the lowest in the land and we are confident of maintaining the lowest bills for the next 5 years; we continue to develop our range of social tariffs; and we have delivered further reductions in leakage and sewer flooding.”

Severn Trent shares fell 2.43% to close at $32.10 yesterday.


Severn Trent (OTC: <a class="ticker" href="/stock/svtrf#OTC">SVTRF</a>) posted a 32% gain in its net profit for the 12 months to March 31 and lifted its dividend by 8.2%. 

Severn Trent's underlying profit before interest and tax declined 1.2% to 498.0 million pounds ($750.4 million), from GBP504.2 million, in the year-ago period. 

Its net profit surged to GBP230.4 million from GBP174.4 million, while revenue gained 3.4% to GBP1.83 billion from GBP1.77 billion

Severn Trent also lifted its full-year dividend by 8.2% to 75.85 pence a share.


Comments

Severn Trent

News

Latest news for Severn Trent (OTC:SVTRF) Stock

Monday, February 03, 2020

Tuesday, November 25, 2014

Thursday, May 30, 2013

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga