Strong first-half growth at DCC

Support services giant DCC has reported strong first half double-digit gains across each of its main growth metrics, leading it to reiterate its profit guidance for the full year.

For the six months to the end of September, the group — whose interests straddle energy, food, healthcare and IT distribution — generated operating profits of £69.4m (€82.5m); up by 38% on a year-on-year basis.

First half revenue rose by just over 11% to £5.42bn, with profits before exceptional items, tax and amortisation ahead by nearly 36% at £58.5m.