StockMarketWire.com - Water services company Svern Trent reported a rise in profit, led by stronger performance in its services business and higher consumption from non-household customers.

For the six months ended 30 September, pre-tax profit rose 16.1% to £146.9 million as revenue increased 8% to £958.2 million.

Turnover was driven by 'higher consumption from non-household customers in our regulated water and waste water business and strong performance in our operating services business,' the company said.

The interim dividend was raised by 0.6% to 40.86 pence.


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