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BRIEF-DuluxGroup Ltd's HY profit attributable rises 14.2 pct

Published 17/05/2017, 08:39 am
© Reuters.  BRIEF-DuluxGroup Ltd's HY profit attributable rises 14.2 pct
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May 17 (Reuters) - DuluxGroup Ltd DLX.AX

* HY consolidated revenue from operations $ 881.2mln versus $851.1 million

* HY profit attributable $ 72.706 million versus $63.7 million

* Declares interim dividend of 13.0 cents per share

* Raw material costs are expected to increase at above inflation rates in second half driven by titanium dioxide

* Depreciation in second half is expected to be in line with H2 2016

* Full year EBIT margins are expected to be around FY16 levels

* Corporate costs for FY17 are expected to be $28-$29 mln

* Second half cash flow may be adversely impacted by stock building activity

* Expect 2017 net profit after tax will be higher than the 2016 equivalent of $130.4 mln

* Expect to maintain a dividend payout ratio on NPAT before non-recurring items of approximately 70 pct on a full year basis Source text for Eikon: ID:nASX9MMNnr Further company coverage: DLX.AX

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