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DCC Plc FY Adj. Operating Profit Rises; Revenue Down 3.1% - Quick Facts

DCC Plc (DCC.L) reported pretax profit of 311.5 million pounds for the year ended 31 March 2020 compared to 327.4 million pounds, prior year. Earnings per share was 249.21 pence compared to 279.73 pence. Adjusted operating profit rose 7.3 percent, or 7.6 percent on a constant currency basis, to 494.3 million pounds. Adjusted earnings per share increased to 362.02 pence from 357.63 pence.

Fiscal year revenue declined to 14.8 billion pounds from 15.2 billion pounds, previous year. Group revenue decreased by 3.1% primarily driven by the lower oil price that prevailed during the year.

The Board proposed a 2.6% increase in the final dividend to 95.79 pence per share, which, when added to the interim dividend of 49.48 pence per share, gives a total dividend for the year of 145.27 pence per share. This represents a 5.0% increase over prior year dividend. It is proposed to pay the final dividend on 23 July 2020 to shareholders on the register at the close of business on 29 May 2020.

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