Severn Trent plc (SVT.L) reported profit before tax of 322.3 million pounds for the year to 31 March 2016 compared to 148.2 million pounds, previous year. Profit to owners of the company increased to 330.0 million pounds from 119.1 million pounds. Earnings per share from continuing operations was 139.4 pence compared to 48.1 pence.
Underlying group pretax profit increased to 313.6 million pounds from 300.4 million pounds, a year ago. Underlying earnings per share was 108.2 pence compared to 106.7 pence.
Turnover decreased year-over-year to 1.79 billion pounds from 1.80 billion pounds. Group turnover was down 0.8% year-on-year due to regulated price decrease.
The board of Severn Trent plc has proposed a final ordinary dividend of 48.40 pence. This gives a total ordinary dividend for the year of 80.66 pence.
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