Severn Trent profits jump 37pc

Suzie Neuwirth

UTILITY company Severn Trent today announced a 37.3 per cent jump in pre-tax profits for the year, with earning per share rising 32 per cent over the period.

Profits hit £215.2m for the year ended 31 March 2012 and earnings per share rose to 95.7p per share.

No mention was made of the recent takeover bid from a consortium of investors, which the FTSE 100 firm rejected on the grounds that it undervalued the company.

Analysts had commented earlier in the week that the consortium was likely to wait until after the results before making another bid.