DCC posts €161.8m in profits

Business services group DCC has reported pretax profits of €161

Business services group DCC has reported pretax profits of €161.8 million for the year to the end of March, up more than 16 per cent on the previous year.

The company - which operates in 16 countries and employs more than 6,000 employees - said sales revenue grew by nearly 18 per cent to over €4 billion.

DCC said operating profit grew by 15.7 per cent to €143 million.

Chief executive Jim Flavin said: "DCC has budgeted for high single-digit operating profit growth for the financial year to 31 March 2008 and is well positioned to augment this growth through continued acquisition activity."

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