logo
Plus   Neg
Share
Email

Severn Trent Backs FY Outlook

Severn Trent Plc. (SVT.L) said that it does not change performance or outlook for the year 2019/20. The company remains on track to deliver at least 25 million pounds in customer ODI net outperformance payments for the year. It will take the total amount deferred to AMP7 revenue to at least 177 million pounds in nominal prices.

The dividend for fiscal year 20/21 is expected to be 101.58 pence per share, using CPIH of 1.50%.

The company has decided to accept the Final Determination for the period 2020-2025, published by Ofwat last month. A totex allowance for the next five years will be 6.8 billion pounds, in line with its PR19 business plan.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Video streaming giant Netflix said it will donate 1 million euros to Audiens, the social protection group of the French cultural sector, to help launch a COVID-19 emergency relief fund to support workers in the French television and cinema industry. Netflix and Audiens said they have created the new COVID-19 Film and TV Emergency Relief Fund to help the hardest hit workers in the industry. Major U.S. retail container ports are estimated to report a five-year low for imports in March as consumer demand has been impacted with millions of Americans out of work amid the coronavirus (COVID-19) outbreak, according to a report by the National Retail Federation or NRF. The U.S. Food and Drug Administration has issued warning letters to three sellers of fraudulent COVID-19 products. There are currently no approved preventatives or treatments for COVID-19, the FDA said in a statement.
Follow RTT
>