- Sales, marketing and support services group DCC reported a fall in profit as revenue slipped on lower oil prices.

For the year ended 31 March 2020, pre-tax profit fell to £311m from £327m on-year as revenue decreased by 3.1% to £14.8bn, primarily driven by lower oil prices.

It was a 'strong performance for the year with all divisions delivering growth, notwithstanding the challenging market conditions experienced during the year including Brexit uncertainty and the emergence of the Covid-19 pandemic,' the company said.

The company proposed a final dividend of 95.79p a share, a 2.6% increase on the prior year, taking the total dividend for the year to 145.27p per share, up 5.0%.

At 8:24am: [LON:DCC] Dcc PLC share price was +240p at 6224p

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