Hills Industries Ltd
(ASX:HIL) has posted a 323% increase in net profit after tax to $40.2 million for the year ended 30 June 2010.
The manufacturer says a significant turnaround in its home, hardware and eco divisions assisted the growth.
As a result, Hills has also announced a 25% increase in its annual dividend to 5.5 cents a share fully franked.
Hills Industries reported a $9.51 million profit for the year ended 30 June 2009.
