DCC has reported a 20 per cent growth in pretax profits for the year ended March 31st, 2010, beating estimates and analysts’ expectations.
An “excellent performance” in the second half of the year boosted profits according to the company, with growth in its energy division offsetting falling profits in the group’s smaller environmental and food and beverage units.
On a constant currency basis, overall pretax profit was up 27 per cent to €164.9 million. Operating profit rose by 6.9 per cent – 12.8 per cent on a constant currency basis to €192.8 million.
Pretax profits before exceptionals and amortisation was up 14.1 per cent at €182.1 million and 20.7 per cent stronger on a constant currency basis. Three-quarters of DCC’s profits are denominated in sterling
Only 20% up, i am gutted i was hoping they would be up by 25%. I suppose we should all do the decent thing and forgoe any payrise!!!
ReplyDeleteIt's nothing short of a bloody disgrace and if you lot don't support your stewards and get on the gate you all deserve everything you get which will be a big fat nothing if you don't have any stewards.
ReplyDeletewell said the above driver ! do you also know that when tanker drivers flex there muscles they usually get what they want or very close to it ! i think we need to flex our muscle on this occasion , not because of pay but to show the company that they should treat us as adults and children as they are doing ! i dont see a lot of support on this blog for the union and stewards who are doing a sterling job ! i understand we are going to be offered 5% over 2 years but that will really be 3years as they implimented a pay freeze last year ! oh and if they impliment a pay freeze for 2012 that 5% will be over 4 years ! so come on lets demand we go back to our 1 year deals ! please drivers lets all get behind unite NOW
ReplyDeleteGlad you agree. The wage offer is also a bloody disgrace and I totally agree with what you say. It should be a one year deal but should also take into account no award for last year and the fact that this shower has made enormous profits from our hard graft.
ReplyDeleteThe stewards have stuck their necks out for us and we either back them or lose them. BE WARNED!!!!!
Pay freeze was because of difficult times as they put does'nt seem to have been that difficult when they can buy companies and make big profits while we continue on low pay and and crap tankers to work with
ReplyDeletelook at other companies when there tanker drivers go to the gate they get what they want stop running scared and back your union to get what you deserve.
ReplyDeleteyou all keep talking about supporting the union/stewards it would be nice to talk to one let alone meet one.It seems to me the only depots that are kept in the loop are depots with shop stewards,lets not forget the depots that dont have shop stewards.This blog is the only way information is filtering down to depots like ours, not gooding enough!!
ReplyDeleteIf you whant to be kept in the loop so to say just pass on you contact info to me and i will give to the Stewards that looks after you region.As for the blog that why we set it up so as to keep you boys as up to date as we can.
ReplyDeleteFrazer
Dear Colleagues,Back our union reps as they have done a sterling job to date, BUT WE NOW WANT OUR BALLOT FOR STRIKE ACTION AS WE HAVE BEEN F*CKED ABOUT FOR FAR TOO LONG> ...ACTION NOW!
ReplyDelete