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SEVERN TRENT PLC ISSUES PRELIMINARY ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED MARCH 31, 1993

 RADNOR, Pa., June 17 /PRNewswire/ -- Severn Trent Plc, one of the major water and waste management companies in the world, with an annual turnover in excess of $1 billion, today issued the preliminary announcement of results for the year ended March 31, 1993.
 SEVERN TRENT PLC (A)
 (Dollars in millions except per-share amounts)
 1991/92
 Year ended March 31 1992/93 As published Pct. Increase
 Turnover $1,371 $1,246 10.1
 Operating profit 453 396 14.6
 Profit before tax 409 402 1.8
 Earnings per share $1.059 $1.034 2.5
 Total dividend per share $.32 $.293 9.3
 (A) Sterling converted at $1.5157 equals one pound sterling for all years.
 Highlights:
 -- Highest Profits from Second Lowest Charges
 -- Continued Efficiency Improvements
 -- Charter Mark for Customer Service
 -- Continued High Level of Investment
 -- Revenue and Volume Growth in Waste Management
 Commenting on the results, Chairman John Bellak said: "These results show that in a year which continued to be affected by the recession, progress can be made through management action to reduce costs whilst improving overall standards of service. Severn Trent Water remains the most profitable water and sewage company in England and Wales with the second lowest charges in spite of a continuing heavy commitment to capital expenditure. The acquisition of East Worcester Water was strategically and commercially beneficial for our customers and shareholders and is performing well.
 "Our waste business, Biffa, made solid progress in difficult market conditions. Revenue and volume growth were achieved in all major areas of activity. Severn Trent Water International continued to build for growth in its targeted markets.
 "The current year has started satisfactorily, but as yet there are few signs of improvement in the economy. We will continue to maintain strict control of costs whilst developing the quality of our services to customers to ensure that further progress can be made this year."
 Severn Trent Water Ltd. is Severn Trent Plc's core business, employing the majority of its workforce of around 10,500 and provides water services to more than 8 million people in the heartland of Britain.
 Severn Trent is exporting its expertise abroad, presently focusing on markets in the United States and Europe, in particular, Belgium, Germany and Italy.
 /delval/
 -0- 6/17/93
 /CONTACT: Kenneth J. Kelly, vp-finance of Severn Trent (U.S), 215-687-5669, or Pramod Tandon, group financial controller of Severn Trent Plc, 44-21-722-6078/


CO: Severn Trent Plc; Severn Trent Water Ltd. ST: Pennsylvania IN: SU: ERN

MJ-LJ -- PH017 -- 3107 06/17/93 12:46 EDT
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Publication:PR Newswire
Date:Jun 17, 1993
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