Water use down but profits rise
Water supplier Severn Trent has seen its income rise, despite a fall the amount of water used by customers.
The company, which supplies households and businesses across Leicestershire, said water consumption was down 3 per cent in the six months to September 30.
However, turnover was up 3.6 per cent, to £917.7 million, after regulators allowed the business to increase prices by 5.2 per cent.
Pre-tax profit fell by 2.6 per cent, to £267.2 million, because of the cost of investment in sewers and water treatment works.
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Severn Trent said the number of leaks in the six months to September was about 4 per cent lower than in the previous six months.