DCC profits fall 11% to €31.2m

RESULTS for the first half year at DCC show that profits before tax fell 11% to €31.2 million from €35.2m as the slowdown in global activity impacted on results.

Shares in the group which serves the IT, healthcare, food and energy sectors, fell 50c in Dublin yesterday as the earnings outlook for the group got significantly cloudier.

Shares hit a high this year of €12.25 and a low of €9.