DCC increases earnings forecast

SUPPORT services giant DCC has increased its full-year earnings forecasts and expects operating profits to be ahead of last year by 15%, on a constant currency basis.

In November — at the time of the publication of its half-year results — DCC said that it was hopeful of a single digit percentage increase in operating profit (for the 12 months to the end of March) and a 5% rise in adjusted earnings per share.

Yesterday, the group — with interests in the energy, environmental services, healthcare, food/beverage and IT sectors through its various subsidiaries — said that, following a strong performance towards the end of the last calendar year, it anticipates operating profit to grow by 15% on a constant currency basis and adjusted earnings per share to be up by around 10% on a year-on-year basis.