DCC profits well ahead

Acquisitions made by its core energy division delivered a “significant” annualised jump in first-quarter group profits at DCC.

The Dublin-headquartered, international support-services group yesterday said that overall operating profit for its first quarter — the three months to the end of June — were “significantly ahead” of the corresponding period last year and “modestly” ahead of its own expectations.

Its latest trading update — ahead of the publication of first-half results in November — said the group’s good start to the financial year was driven by the performance of DCC Energy, both organically and through acquisition contribution.