DCC expects full year results to meet market expectations following strong profits in Q3

Writer, Stock Market Wire
Tuesday, February 5, 2019 - 07:40

Support services group DCC said Tuesday it remained on track to report full-year performance in line with market expectations as third-quarter operating profit was 'significantly' ahead of the prior year despite milder winter conditions.

DCC LPG recorded strong operating profit growth during the period, benefitting from the first-time contribution of the prior year acquisitions, including Retail West, TEGA and Shell Hong Kong & Macau, which continued to perform in line with expectations.

DCC retail and oil delivered strong profit growth was driven by good performances from the businesses in Britain and Denmark, despite the milder weather, and a robust performance in France where the business was impacted by the regular nationwide protests, the company said.

Operating profit in DCC healthcare, meanwhile, was well ahead of the prior year, and DCC technology recorded strong operating profit growth, the company added.

'Notwithstanding the milder winter weather conditions, DCC expects that operating profit will be significantly ahead of the prior year and will be in line with current market consensus expectations,' DCC said.


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