Reuters logo
4 years ago
BRIEF-Severn Trent trading in line with expectations, incurs 19 mln stg bid costs
July 17, 2013 / 6:12 AM / 4 years ago

BRIEF-Severn Trent trading in line with expectations, incurs 19 mln stg bid costs

LONDON, July 17 (Reuters) - Severn Trent PLC : * Customer prices in Severn Trent water increased by 2.0% from 1 April 2013 * Consumption across our measured income base has declined year on year in the

period * Bad debt level is maintained at around 2.2% of turnover for the full year * Operating expenditure continues to be in line with the board's expectations

for the year * Incurred costs for advisory, legal and other services of approx £19 million

after bid approach * Dividend for 2013/14 is set to be 80.40 pence, representing growth of 6% year

on year

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below