Water company Severn Trent has posted an increase in first-half revenue.

The earnings boost was helped by rising prices which countered lower usage during a wet summer.

A price rise of 5.2 per cent also helped to offset increased investment in the company’s networks.

The British utility reported results in line with forecasts, with pre-tax profits up 1.6 per cent to £157.5 million pounds, from revenue up 3.6 per cent.

“We have delivered again on our commitments to our stakeholders,” Chief Executive Tony Wray said.

“We are on track with our 150 million pounds additional investment programme announced in May, delivering operational improvements in the areas we targeted for this year, improving our service to customers and producing sustainable, progressive returns for shareholders.”