Highlights
Severn Trent Water operating expenditure below level allowed in Ofwat's Final Determination
Delivering capital programme and long term productivity improvements
Interim dividend 28.04 pence per share, up 7.7% in line with dividend policy of RPI +3%
Strong balance sheet, business fully funded for next 2 years
Transfer of private drains and sewers (PDaS) successfully completed on 1st October
Encouraged by direction of regulatory reform
