Business
Results for the six months ended 30 September 2017
Results for the six months ended 30 September 2017.
About this update from Dcc Plc
[{"type":"text","content":"\n \nRNS Number : 3787W DCC PLC 14 November 2017 \n\n \n14 November 2017\nDCC Reports Strong First Half of Performance and Development \n \nDCC, the leading international sales, marketing and support services group, today announced its results for the six months ended 30 September 2017.\n \n\n\n\n\nHighlights\n\n\n2017\n\n\n2016\n\n\n% change\n\n\n\n\nDCC LPG volumes (thousand tonnes1)\n\n\n 645.6kT\n\n\n555.4kT\n\n\n+16.2%\n\n\n\n\nDCC Retail & Oil volumes (billion litres)\n\n\n6.011bn\n\n\n5.581bn\n\n\n+7.7%\n\n\n\n\nRevenue - continuing2\n(ex DCC LPG and DCC Retail & Oil)\n\n\n£1.616bn\n\n\n£1.389bn\n\n\n+16.4%\n\n\n\n\nAdjusted operating profit3 - continuing2\n\n\n£122.5m\n\n\n£107.1m\n\n\n+14.4%\n\n\n\n\nAdjusted earnings per share3 - continuing2\n\n\n95.5p\n\n\n82.2p\n\n\n+16.1%\n\n\n\n\nInterim dividend\n\n\n40.89p\n\n\n37.17p\n\n\n+10.0%\n\n\n\n\nOperating cash flow \n\n\n£84.0m\n\n\n£141.0m\n\n\n \n\n\n\n\nNet debt\n\n\n£112.3m\n\n\n£112.2m\n\n\n \n\n\n\n\n \n· Strong first half performance with Group adjusted operating profit on continuing activities increasing by 14.4% (up 9.7% on a constant currency basis) to £122.5 million, with all divisions recording growth on the prior year.\n \n· Adjusted earnings per share on continuing activities up 16.1% (11.5% ahead on a constant currency basis) to 95.5 pence.\n \n· Interim dividend increased by 10.0% to 40.89 pence per share.\n \n· The Group continues to be very active from a development perspective. Recently, DCC Retail & Oil completed the acquisition of Esso Retail Norway and DCC Technology completed the acquisition of MTR. DCC LPG remains on schedule to complete the acquisition of Shell Hong Kong & Macau before the end of the financial year. \n \n· In addition, on 7 November 2017, DCC LPG announced its agreement to acquire Retail West from NGL Energy Partners, for an enterprise value of $200 million (£152 million). This will be DCC LPG's first step into the very large US LPG ma...