Severn Trent announce fall in pre-tax profits

Severn Trent Headquarters on Coventry Road, Birmingham Credit: PA

Midlands water firm Severn Trent's underlying pre-tax profits have fallen by 4.6% to £275.3million in the year.

At the FTSE 100 company’s annual financial results, they announced revenues for the period were £1.77 billion, up from £1.71 billion.

Severn Trent supplies water to eight million customers across the Midlands and have pledged to invest an extra £150million into its network.