DCC plc, the international conglomerate that owns Certas Energy, has reported strong growth in profits for the third quarter of its financial year.
In its statement said that group operating profit in the third quarter ended 31 December 2015 was very significantly ahead of the prior year, with excellent growth in operating profit in each of DCC Energy, DCC Healthcare and DCC Environmental with more difficult trading conditions in DCC Technology.
It reported operating profit in DCC Energy was very significantly ahead of the prior year, despite the milder winter weather conditions. The two large acquisitions completed earlier in the financial year, Esso Retail France and Butagaz, performed in line with, or modestly ahead of, expectations. While overall heating-related volumes were held back by the mild temperatures, a good margin and cost performance was achieved.
It added that the group remained ambitious to continue the growth and development of its business in existing and new geographies and retained a strong, well-funded and liquid balance sheet.