Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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%.

Click here to receive FREE breaking news email alerts for Severn Trent Plc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Swiss drug maker Roche Holding said a late-stage trial of its breast cancer drug Kadcyla did not provide superior results compared with an existing therapy. FCA US, until recently known as Chrysler, said Friday it is recalling 257,000 Dodge Ram pickups. The auto maker says the rear axle pinion nut on certain model year 2005 Dodge Ram 1500 trucks may loosen due to an undersized spline on the pinion gear. If the pinion nut loosens, the rear axle may... This medical device company has a very impressive track record of growing business over the past decade. increasing sales from $490.2 million in 2004 to $1.72 billion this year. The Silicone Hydrogel daily disposable lens portfolio constitutes a major avenue for growth.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.