DCC’s half-year revenues increase by 11% to £5.4bn

Energy and distribution group DCC has reported an 11 per cent rise in revenues for the six months to the end of September.

The company’s first set of results since it moved its market listing from Dublin to London showed revenue for the six-month period was £5.4 billion, up from £4.9 billion for the same period last year.

DCC said operating profit rose by 38 per cent to £69.4 million from £50.3 million last year.

The company’s interim dividend increased by 10.0 per cent to 26.12 pence per share.

The group reiterated its guidance for full-year operating profits to rise about 15 per cent, with adjusted earnings per share to grow by about 13 per cent.

“As DCC enters its seasonally more significant second half, its full year guidance continues to be set against the important assumption that there will be normal winter weather conditions,” it said.

Commenting on today's results, chief executive Tommy Breen said: "It is pleasing to report that operating profit and adjusted earnings per share were significantly ahead of the prior year, albeit in the seasonally less significant first half. This outperformance was driven mainly by a particularly strong first quarter.