DCC Dcc Plc

   By Sabela Ojea 
 

DCC PLC (DCC.LN) said Tuesday that its performance in the third quarter of fiscal 2020 was in line with expectations and that it sees opportunities for the continued growth and development of the business.

The U.K. marketing and support-services said operating profit for the three months ended Dec. 31 was in line with market expectations.

The FTSE-100 listed company said its retail and oil unit performed in line with views and benefited from a good performance from the division's retail activities.

Its health-care division delivered good like-for-like profit growth following the disposal of its U.K. generic pharma business during the first half of the year. The technology division also recorded growth, except for its U.K. business, which was hit by "general weakness" in the British technology market.

DCC said it expects to announce its fiscal 2020 results on May 19.

The company didn't provide any profit or revenue figures for the year. However, pretax profit consensus for fiscal 2020 is 367.5 million pounds ($480.5 million), taken from FactSet and based on five analysts' forecasts, compared with GBP326.7 million the prior year. Revenue consensus is GBP15.20 billion, also taken from FactSet and based on 12 analysts' forecasts, compared with GBP15.23 billion for fiscal 2019.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

February 04, 2020 02:30 ET (07:30 GMT)

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