logo
Share SHARE
FONT-SIZE Plus   Neg

Severn Trent Confirms Trading Across The Group In Line With View - Quick Facts

Severn Trent Plc (SVT.L) issued interim management statement for the period from October 1, 2011 to February 16, 2012.

The company confirmed that trading across the group has been in line with its expectations and added that no new material trading events or transactions occurred during the period.

Also, consumption levels across Severn Trent's measured income base for FY 2011/12 are expected to lower year on year, in line with the trend seen in the first half. Besides, the level of bad debt for the full year is expected to remain broadly stable compared with the first six months, although the company continues to monitor future developments closely, especially unemployment levels.

The company noted that operating expenditure continues to be in line with the Board's expectations for the year, and below the level allowed in the Final Determination. Operating costs are expected to rise year on year, due to the impact of inflation, prudent investment in our networks, and quasi taxes, partially offset by efficiency savings.

Further, the expected effective current tax rate for the group for FY 2011/12 remains at 26% to 27%.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
They say there's plenty of fish in the sea, but very few of them are as wealthy as these tycoons. May be they have been so busy building their empires they never had the time to stick with a perfect partner to build their family. This list of the richest singles is assorted — from a 34 year-old... Anthony Levandowski, the head of Uber's self-driving division, is stepping away from his role as Uber continues a legal battle with Waymo, Levandowski's former employer. Levandowski, who founded startup Otto, became head of Uber's Advanced Technologies Group or ATG after Otto was acquired by Uber in August 2016. Southwest Airlines Co. has decided to end the practice of overbooking flights, the airline's CEO Gary Kelly said Thursday. The airline's plan to end overbooking could be implemented from May 8, according to a Southwest spokeswoman.
comments powered by Disqus
Follow RTT