By Daniel Cancian
Date: Friday 17 Jul 2015
LONDON (ShareCast) - (ShareCast News) - Marketing, distribution and business support services group DCC expects a "very significant" improvement in its full-year results on the wake of strong performance in the first quarter.
The FTSE 250 group said its operating profit for the three months to 30 June were in line with expectations, although sluggish trading in its technology arm partially offset solid growth in its energy, healthcare and environmental businesses.
In a statement released on Friday, the group said it expects the profits to be weighted towards the second half, although it added its operating profit and adjusted earnings per share will be significantly higher than in 2014.
DCC said its guidance was partly based on the assumption that it would complete the acquisition of fuel distribution group Butagaz within the end of 2015.
DCC shares were down 1.99% to 5,160.00p at 08:28 on Friday.
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