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DCC Trading 'Ahead Of Last Year' In Food & Beverage Division

Published on Feb 18 2014 6:56 AM in A-Brands

DCC Trading 'Ahead Of Last Year' In Food & Beverage Division

DCC plc has said that its Food & Beverage Division, which includes such brands as Robert Roberts, Kelkin and Goodalls, as well as the Allied Foods operation, "traded modestly ahead of the prior year" in the third quarter.

DCC released an interim management statement covering the Q3 period (to 31 December 2013) yesterday, saying that it "expects growth in both operating profit and adjusted earnings per share for the year to 31 March 2014 to be in the range of 7% - 10%."

Operating profit in the period was up on the previous year, according to the statement, however DCC Energy, the group's largest division, was impacted by milder weather in the latter half of last year, "particularly in December when average temperatures were well above the 10 year average."

Last year, DCC withdrew its shares from the Irish Stock Exchange, and began trading on the London Stock Exchange.

DCC's Food & Beverage division accounts for approximately 3.3% of the company's overall operating profit. The division posted revenues of £173.6 million in FY 2013, and operating profit of £6.1 million.

DCC will announce its preliminary results for the year to 31 March 2014 in May.

© 2014 - Checkout Magazine by Stephen Wynne-Jones

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