DCC half-year profit up 38pc

Suzie Neuwirth
FTSE 250-listed services company DCC yesterday posted a 38 per cent increase in half-year operating profit, boosted by strongly improved trading across its three largest units.

The Irish firm, which operates across the energy, communications, healthcare, environment and food & beverage divisions, has increased its dividend by 10 per cent.

DCC Energy, the group’s largest division, benefitted from colder than normal weather conditions in the first quarter and the integration of prior acquisitions. Chief executive Tommy Breen told City A.M. that acquisitions are “very much part of our strategy going forward”, and added that he would like to expand in Germany and Scandinavia.