Business support services company DCC delivered a good trading performance in its third quarter despite more difficult macroeconomic environment, particularly in the UK.
Group operating profit for the period was in line with expectations.
In a trading statement, it said DCC LPG delivered good organic profit growth and also benefited from the contribution of Pacific Coast Energy, acquired earlier in the financial year. It said, DCC Retail & Oil performed in line with expectations and benefited from a good performance from the division's retail activities.
Following the disposal of its UK generic pharma business during the first half of the year, DCC Healthcare delivered good like-for-like profit growth and successfully completed the previously announced acquisition of Ion Labs during the quarter.
As anticipated, trading in DCC Technology's UK business was impacted by the general weakness in the UK technology market, reflecting the more difficult economic environment.
DCC said its ambition and capacity for further development, together with the group’s leading market positions and increased geographic reach, provide substantial opportunity for the continued growth and development of the business.
The group reiterates its belief that the year ending 31 March 2020 will be another year of development and good growth in group operating profit, in line with current market consensus expectations.
It expects to announce its results for the year May 19, 2020.
