Mild April impacts DCC Q1

Business support services group DCC in an interim management statement issued today said Q1 results would be impacted by what was the mildest April on record.

Mild April impacts DCC Q1

Business support services group DCC in an interim management statement issued today said Q1 results would be impacted by what was the mildest April on record.

The company said unseasonable temperatures in the month and continued mild weather in May had affected revenues at DCC Energy, its largest division, with trading "well behind" Q1 2010.

Other divisions traded in line with or ahead of forecasts.

DCC said group operating profit for the three months to end June was well behind the prior year and budget and half-year results will also be impacted by the result for the first quarter.

However DCC said June has been a better month with operating profit well ahead of the

prior year.

Looking forward, the company said it anticipated that full-year operating profit and adjusted earnings per share will be broadly in line with or modestly behind the prior year.

"The Group remains in a very strong financial position and is actively pursuing a range of

development opportunities," the statement said.

x

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited