No DCC changes as profits rise

THE strategic review which has been ongoing at DCC for the past year will not result in any change to the structure of the support services and distribution group in the foreseeable future.

The group’s board – which yesterday announced a strong set of financial results for the 12 months to the end of March, including a 6.3% rise in profits before exceptional items were accounted for – said that, given the current market environment any material change to the structure or composition of the group at this point “would not enhance shareholder value”.

The group’s management added that its “diversified business model, strong balance sheet, financial discipline and acquisition skills have been significant factors in a robust performance and management of risk over an extended period”, but added that the structure and strategic direction of the business will be kept under periodic review, in the interests of shareholder value.