Severn Trent profits almost triple year-on-year

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We have continued to lead the industry on sustainability, pioneering carbon neutral technology and progressing our green recovery programme at pace, while committing to support 100,000 people out of poverty by 2033.<br /> <br /> "But we know there is more to do. The outstanding rating we received for our plan gives us visibility and confidence to make a fast start on the biggest investment programme in our history."<br /> <br /> As part of Severn Trent’s AMP8 plans, it said it is "implementing the sector’s most ambitious storm overflow improvement plan at pace", which is set to create 7,000 jobs across the region. <br /> <br /> This is also on course to create a 440-strong team of experts dedicated to its water pipe replacement programme. <br /> <br /> Investment director at AJ Bell, Russ Mould, said: "The big increase in profit at water utility Severn Trent may sit uncomfortably with the company’s admission it will miss some water-safety performance metrics this financial year.<br /> <br /> "Pollution in Britian’s rivers and seas and the travails of Severn’s unquoted peer Thames Water mean this sector’s name is mud with many.<br /> <br /> "However, a modest increase in the dividend and the improved financial performance may be enough to get some investors back on side."</p> <br> <hr> <div class="sharewrap"> <div class="sharestorytext">Share Story:</div> <div class="jsiconwrap"> <a target="_blank" href="http://x.com/share?text=Severn Trent profits almost triple year-on-year&url=https://corporatefinancenews.net/Severn-Trent-profits-almost-triple-year-on-year.php"> <i class="fa-brands fa-square-x-twitter" style="color:black;"></i> </a> </div> <div class="jsiconwrap"> <a target="_blank" href="http://www.linkedin.com/shareArticle?url=https://corporatefinancenews.netSevern-Trent-profits-almost-triple-year-on-year.php"> <i class="fa-brands fa-linkedin" style="color:#3371b7;"></i> </a> </div> </div> </div> </div> </article>  <div class="comment-title title-style01"> <h3>Recent Stories</h3> </div>  <div class="article"> <div class="entry-block-small recentstoriesblock"> <div class="entry-image"><a class="img-link" href="imperial-brands-ups-dividend-after-vape-sales-boost-profits.php?utm_source=jsrecent"><img class="img-responsive 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Severn Trent profits almost triple year-on-year - Corporate Finance News