International sales, marketing and business support services group DCC has said that all of its divisions traded in line with expectations for its fiscal first quarter to the end of June.
In a trading update issued ahead of its AGM today, DCC said the sale of its Environmental business, which was announced in April, completed on schedule by the end of May.
The company also reiterated its belief that the year to the end of March 2018 will be another year of profit growth and development.
It pointed out that its profits are significantly weighted towards the second half of its financial year.
DCC's chief executive Tommy Breen is due to retire from the company after today's AGM. Donal Murphy will replace him in the role.
In the trading update, DCC said that deals for Esso Retail Norway and Shell Hong Kong and Macau are progressing according to plan and should be complete by the end of its third and fourth quarters respectively.
"DCC remains ambitious to continue the growth and development of its business," the company said.
"DCC's strong and liquid balance sheet leaves it well placed to continue the growth of its LPG, Retail & Oil, Healthcare and Technology divisions, in both existing and new geographies," it added.
