On Tuesday, Severn Trent PLC (LON:SVT) reported a rise in first-half group income, as a rise in top-line growth was partially offset by elevated input costs and energy prices.

Reportedly, Group profit before interest and tax for the first half to edged up by 2.4 per cent to £261.7 million (£1 = $1.1839). Turnover during the period stood at £1.06B, up by 10.8 per cent compared to the same period last year. This is mainly due to robust performance at Severn Trent’s regulated water and wastewater division.

It is to be noted that the unit was encouraged by a recent spike in inflation, which pushed up revenues from tariffs by nearly £40M. However, the rise in prices led to power expenses leaping by 75.3 per cent to £41.1M. Moreover, costs from infrastructure maintenance recorded £22.7M as well.

On Tuesday, shares in Severn Trent edged down by more than 2 per cent in early trading.