Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Severn Trent profits up 19pc

Severn Trent Water profits were up 19 per cent to £541 million, before interest and tax, for the year ended 31 March 2010 as it gets under way on the £2.5 billion AMP5 investment plan.

Under the agreed investment plan for AMP5, it will spend up to £497 million per year over the next five years.

Highlighting the balance between investing in its services and generating returns for shareholders, directors said: “Based on the process improvements and investment Severn Trent water has caried out over the last three years, and plans in place to deliver efficiencies during AMP5, we are confident that we can meet the requirements of the Final etermination, while delivering a sustainable and progressive return to shareholders.”

During the year Severn Trent achieved record levels of energy generation from renewable sources, producing 176 Gigawatt hours (GWh) - over 20 per cent of its electricity use.