DCC predicts 5% profits increase

Distribution and support services business DCC plc has predicted a 5% increase in trading profits for the year to the end of March 2011, in an interim trading statement this morning.

DCC also said earnings per share were expected to be modestly ahead of the previous year.

For the quarter to the end of June this year, DCC the group traded ahead of the prior year and "modestly" ahead of expectations, both on a reported and on a constant currency basis.

Each of the group’s five divisions traded ahead of or in line with the same period in the prior year.