Business
Results for the six months ended 30 September 2018
Results for the six months ended 30 September 2018.
About this update from Dcc Plc
[{"type":"text","content":"\n \nRNS Number : 1171H DCC PLC 13 November 2018 \n\n \n \n13 November 2018\n \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 2018.\n \n\n\n\n\nHighlights\n\n\n2018\n\n\n2017\n\n\n% change\n\n\n\n\nDCC LPG volumes (thousand tonnes)\n\n\n741.6kT\n\n\n 645.6kT\n\n\n+14.9%\n\n\n\n\nDCC Retail & Oil volumes (billion litres)\n\n\n6.157bn\n\n\n6.011bn\n\n\n+2.4%\n\n\n\n\nRevenue - continuing1 \n(ex DCC LPG and DCC Retail & Oil)\n\n\n£1.864bn\n\n\n£1.616bn\n\n\n+15.4%\n\n\n\n\nAdjusted operating profit2 - continuing1\n\n\n£141.9m\n\n\n£122.5m\n\n\n+15.9%\n\n\n\n\nAdjusted earnings per share2 - continuing1\n\n\n107.1p\n\n\n95.5p\n\n\n+12.1%\n\n\n\n\nInterim dividend\n\n\n44.98p\n\n\n40.89p\n\n\n+10.0%\n\n\n\n\nOperating cash flow \n\n\n£173.2m\n\n\n£84.0m\n\n\n \n\n\n\n\n \n· Strong first half performance with Group adjusted operating profit on continuing activities increasing by 15.9% (up 16.5% on a constant currency basis) to £141.9 million, with all divisions performing in line with expectations.\n \n· Adjusted earnings per share on continuing activities up 12.1% (13.0% ahead on a constant currency basis) to 107.1 pence.\n \n· Interim dividend increased by 10.0% to 44.98 pence per share.\n \n· The Group continues to be active from a development perspective and committed approximately £270 million to new acquisitions since the preliminary results in May 2018. \n \n· Continued expansion of the Group's presence in North America with DCC Technology entering the market for the first time through the acquisitions of Stampede and Jam. These complementary acquisitions provide DCC Technology with a strong platform for further development in the growing and fragmented North American market.\n \n· On 27 September 2018, DCC raised approximately £600 million fr...