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DCC Says Q3 Operating Profit Significantly Ahead Of Last Year - Quick Facts

DCC Plc (DCC.L) reported Tuesday that its Group operating profit for the third quarter ended December 31, 2018 was significantly ahead of the prior year and also in line with expectations, despite the milder winter weather conditions.

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

DCC Retail & Oil also delivered strong organic operating profit growth, 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.

Operating profit in DCC Healthcare was well ahead of the prior year. DCC Technology recorded strong operating profit growth, driven by the first-time contribution from acquisitions and a good organic performance in the UK and Ireland.

Looking ahead, DCC said that notwithstanding the milder winter weather conditions, it expects operating profit for the year ending March 31, 2019 will be significantly ahead of the prior year and also be in line with current market consensus expectations.

DCC expects to announce its results for the full year on May 14, 2019.

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