Water Company's Profits Soar After Big Rise in Bills

Daily PostJune 07, 2006

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Summary


SEVERN Trent yesterday became the latest water company to unveil higher profits after a sharp rise in bills for customers.

Turnover at Severn Trent's water division increased 13.4% to pounds 1.15bn, while profits at the arm were up 30% to pounds 400.4m in the year to March 31.

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Water Company's Profits Soar After Big Rise in Bills

The company, which serves eight million customers in the heart of England, increased bills by 15.2 % as part of a five-year regul...

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