4th Nov 2014 07:58
LONDON (Alliance News) - DCC PLC Tuesday lowered its full-year earnings expectations, as very mild weather in autumn hampered performance in its main energy unit.
"The group now expects that the year to 31 March 2015 will show growth in operating profit and adjusted earnings per share in the range of 5%-10% over the prior year," down from a range of 10%-12%, Chief Executive Tommy Breen said.
Pretax profit rose 12% to GBP47.5 million in the six months to September 30 as revenue nudged up to GBP5.51 billion from GBP5.41 billion. Operating profit rose 6.4% to GBP73.2 million despite a 4.7% drop in DCC Energy to GBP31.9 million, hurt by lower oil prices.
The company raised its interim dividend by 10% to 28.73 pence a share.
By Ian Edmondson
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