DCC shares performed sluggishly despite strong performance results

DCC shares performed sluggishly despite the group reporting a strong performance for its seasonally less important first half. The company says it remains on course for another full year of profit growth, writes Geoff Precival.

The Dublin-based support services group reported a 14.4% year-on-year increase in adjusted operating profit — for the six months to the end of September — to £122.5m (€137m), with revenue ahead by 16.4% at €1.62bn.

Adjusted earnings per share were up 16% at 95.5p and the group increased its interim dividend, for shareholders, by 10% to 40.89p.