DuluxGroup
(ASX:DLX) has reported its net profit after tax rose 14.2% in the six months to 31 March 2017, to $72.7 million.
The manufacturer and marketer of paints, garage doors and other construction products saw a 3.5% uptick in its sales revenue for the six months ending 31 March 2017, compared to the prior corresponding period.
The company says its retail market share increased, while its specialty coating portfolio grew which boosted its EBIT by 7.8% for the period (compared to the PCP) to $106 million.
DuluxGroup says its ANZ business was a large contributor to the group’s growth in revenue and profit.
The board also reported its interim dividend was 13 cents per share, fully franked, that’s a 13% rise from the prior year.
Shares in DuluxGroup
(ASX:DLX) opened 0.59% higher to $6.88.
