DCC reports hike in annual profit and revenues
CONGLOMERATE DCC has reported a 6.2pc increase in revenues to £11.2bn while operating profit at the firm was up 11.5pc to £208m.
Increased revenues in the year ended March were driven by acquisitions and particularly in DCC Energy, as well as organic growth in DCC Technology (formerly DCC SerCom).
Adjusted earnings per share up 11.7pc to 191.2p while record free cash flow of £278m in the year reflected the group's ongoing ability to convert its profits into cash
Chief executive Tommy Breen said: “The outlook for the year to year end March 2015 is based on the important assumption that there will be normal winter weather conditions
“At this very early stage, the Group anticipates that its operating profit and adjusted earnings per share will be approximately 10pc ahead of the prior year. Having regard to the unseasonably colder start to the prior year, it is anticipated that this growth in the year to 31 March 2015 will be significantly weighted towards the second half.”