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Weaker sterling knocks back DCC

Profits up at tech distribution arm

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DCC, the Irish conglomerate, today said its IT distribution arm, DCC Sercom, achieved underlying double digit operating profit growth. But it warns that weaker sterling could feed through to worse group profits in the second half of the year - the company reports in euros.

DCC Sercom either traded ahead of or in line with budget - DCC has lumped the business with other divisions in comments in an interim management statement. DCC Sercom's businesses include Micro P and Gem Distribution in the UK and Sharptext in Ireland. ®

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