DCC raises its earnings forecast

Support services group DCC has marginally upped its earnings forecast for its current financial year, after a steady first-quarter performance.

The group — which now has its shares listed in London — yesterday told shareholders at its AGM in Dublin, that it expects to see growth of 10%-12% in both operating profit and adjusted earnings per share for the year to the end of next March.

At the time of the publication of its last set of annual results in May DCC said that it was guiding for operating profit and adjusted earnings per share growth of 10% for the current financial year.