DCC profits down 11%

Support Services company DCC has eported an 11% fall in first half pre-tax profits. Pre-tax profits fell to €31.22 in the six months to September, from €35.25 in the same period last year. Turnover fell 4.1% to €975m.

Operating profit at the company's IT division, Sercom, fell 27% to €10.6m. The company blamed a slump in the market which forced the company to reduce prices at the IT division.