Business support services group DCC has reported operating profits of €62.4m for the six months to the end of September.
This is up 8% on the same time last year and the company said a more normal winter should see it have a strong second half.
Revenues for the six month period jumped over 42% to €6.053 billion. The company said that about 80% of this growth was driven by acquisitions, mainly in its energy division.
The company was hit by mild weather last year, particularly in Britain and Ireland.
DCC It said today that, as long as winter temperatures return to normal, it expected full-year adjusted earnings per share and operating profit to rise 15% on continuing activities.
Pre-tax profits came in at €38.3m for the six month period and the company said its interim dividend rose by 7.5% to 29.48 cent per share.
DCC shares rose in Dublin following the announcement.
Breaking down DCC's divisions, today's results show that its Energy division reported revenues of €4.751 billion for the six month period, up 51.7% on the same time last year. Operating profits rose by 25.1% to €23.4m after a strong start to the year.
DCC Energy sold 4.4 billion litres of product in the first half of the year, up 36% over the first half of last year. Volumes in the oil business grew organically by 2.7% over the first half of 2011 as the relatively cooler weather in the first quarter drove increased demand for heating products. However, this was somewhat offset by the poor weather conditions over the summer months which hit demand from the farming sector.
Revenues at DCC's SerCom division rose by over 20% to €922.2m while operating profits increased by 11.1% to €15.8m. The company said it saw strong growth in both its IT and communications market and its supply chain management business. But this was partially offset by difficult trading conditions in the home entertainment market in Ireland and the UK.
Operating profits at DCC Healthcare grew by 14.9% to €12.1m while revenues increased by 21.6% to €187.1m. The company said that the benefit of development activity offset ''challenging'' market conditions, especially in Ireland. In Ireland, it said that the budgetary constraints within the public healthcare system resulted in continued price pressures, especially in more commoditised medical and surgical product categories.
DCC said that revenues at its Environmental division increased by 10.6% to €72.3m while operating profits fell 0.4% to €7.8m as the business was impacted by a deterioration in the UK waste management and recycling market. But it added that continued tight control of costs resulted in the Irish business performing broadly in line with last year.
The company said that revenues at its Food & Beverage division fell by 8.9% to €120.3m while operating profits slumped 44% to €3.3m due to the loss of a major contract in the frozen and chilled logistics business in the second half of the previous year. It also noted ongoing weakness in consumer demand.