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Weather cools profits

DCC says its profit for the six months to the end of September was affected by the impact of the very mild spring weather.

Operating profits for the period fell by 14.2pc to €58.3m, while pre-tax profits dropped by 17.3pc to €50m.

Profits at its energy division fell by 35pc but each of the group's other four divisions traded ahead or in line with the previous year. The board has decided to pay an interim dividend of 27.42 cent per share, a 5pc increase in the dividend paid last year.