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SerCom lifts DCC's results

IT arm records 60 per cent profit growth

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Irish conglomerate DCC plc today posted healthy interim results bolstered by the performance of its IT division DCC SerCom. The group showed an increase of 32.1 per cent in profit before goodwill amortisation and tax for the six months to September to IR£17.155 million based on a turnover of IR£367.706 million. DCC's largest division, DCC SerCom, notched up operating profit growth of 58.2 per cent from IR£3.818 million last year to IR£6.039 million. Turnover jumped 30.6 per cent from IR£110.062 million last year to IR£143.793 SerCom's computer hardware and software distribution business continued to do well generating excellent sales and profit growth, said DCC's CEO and deputy chairman, Jim Flavin. "We are especially pleased with the operating profit growth of 58 per cent in our largest division, DCC SerCom," he said. Tommy Breen, SerCom's MD, said that this was not a one-off and that the company had a record of strong growth over the last couple of years. He attributed much of the company's success to the growth in the PC and peripherals market as well as increasing its corporate customer base. On the strength of its interim results DCC plc is pay an interim dividend of IR£4.25p per share -- up 20.7 per cent on the IR£3.52 paid last year. ® Click for more stories Click for story index

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