* FY operating profit down 18 pct to 185.0 mln euros
* Sees strong return to growth
* Increases dividend by 5 pct to 77.89 cents
DUBLIN, May 15 Irish business services group DCC
said it would bounce back from an 18 percent dip in
operating profit, dented by milder weather and higher oil prices
during the winter months.
The Dublin-based group, whose energy business makes up more
than half of its profits, said it expected a 15 percent rise in
operating profit and earnings per share in the current financial
year on a constant currency basis.
"Given normal winter weather we feel (DCC) Energy is in a
good place and the rest of the group has performed well,"
DCC's Chief Executive, Tommy Breen told Reuters.
"We would expect a strong recovery in DCC Energy's operating
profit," he added.
DCC, which also sells a broad range of products from
computer games to coffee, lowered its expectations in February
for its annual operating profit from 212 million euros to
175-190 million euros.
It said on Tuesday operating profit dropped 18 percent on a
constant currency basis to 185.0 million euros ($237.50
million), in line with expectations.
Operating profit at DCC Energy fell 38 percent, with the
average temperature in the UK - DCC Energy's largest market -
the mildest on record in the quarter to end-December.
DCC said it had raised its dividend by 5 percent to 77.89
cents and reported a 25 percent rise in revenue to 10.7 billion
euros largely due to acquisitions across all its businesses.
Shares in DCC closed at 19.9 euros on Monday, valuing the
group at approximately 1.67 billion euros.