Severn Trent profits down but no hosepipe ban

Utility provider Severn Trent announced profits were down but announced a special dividend and said it forecast no water restrictions for customers this year.

Utility provider Severn Trent announced profits were down but announced a special dividend and said it forecast no water restrictions for customers this year.

Profit before tax fell 38% to £156.7m in the year to the end of March, something the firm blamed on operational, infrastructure and employment costs.

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