Business support services company DCC said today that its group operating profit for the third quarter was in line with expectations and ahead of the previous year.
In a trading update for the third quarter to the end of December, DCC said it continues to expect that the year ending March 2023 will be another year of strong operating profit growth, in line with expectations.
Its DCC Energy division posted good operating profit growth, despite the weather conditions being milder than average during the period under review.
The DCC Technology division also posted good operating profit growth, in line with expectations, on the back of strong growth in North America.
But operating profits fell at its DCC Healthcare division amid reduced demand as customers continued to cut back on their inventory levels.
The company said it has now committed about £330m to new acquisitions since it reported its annual results last May.
DCC operates in a range of sectors including technology and healthcare, but its gas and fuel forecourt operations are the biggest part of its business.
Headquartered in Dublin, the group employs over 16,000 people.
