Results round-up

International marketing, distribution and business support services company DCC issued an interim management statement ahead of its AGM in Dublin, at 1100 BST on Friday.

It said overall group operating profit for the first quarter ended 30 June was significantly ahead of the prior year, and modestly ahead of expectations, driven by the performance of DCC Energy which benefited from acquisitions completed in the prior year, and also from strong organic operating profit growth.

“Trading in each of DCC Healthcare, DCC Technology and DCC Environmental was ahead of the prior year and in line with expectations,” the board said in the statement.

“DCC Technology benefitted from cost saving initiatives implemented in the prior year and the first time contribution from the acquisition of CUC.”

The company’s board said its profits are significantly weighted towards the second half of its financial year.

It said presently almost 50% of the group’s operating profits are generated outside the UK and so its reported operating profit will benefit modestly from favourable translation should sterling remain at current values, or depreciate further.