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SerCom Parent Company Reports Excellent Interim Profits
October 2008
SerCom Solution’s parent company, DCC plc, has reported excellent interim results for the six months ended 30 September, 2008.
Operating profit of €60.6m was 17% up on prior year, with EPS up 13%. The interim dividend has been increased by 10%.
DCC’s financial position remains very strong. At 30/9/2008, DCC had net debt of €193m and total equity of €760m.
At a time of increased focus on funding and liquidity, DCC has significant cash resources and relatively long term debt maturities.
The strength of DCC’s balance sheet leaves it well positioned to take advantage of acquisition and development opportunities in these more challenging times.
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