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Dulux lifts FY underlying profit 4.6%

AAP logoAAP 7/11/2016

Paint company Dulux has lifted full-year profit 15.6 per cent to $130.4 million and expects demand for home renovations to keep driving profit growth.

Excluding one-off costs from the 2015 financial year, that profit figure for the 12 months to September 30 was up 4.6 per cent, with sales revenue increasing 1.7 per cent to $1.72 billion.

"Our core existing home renovation markets, which account for about 65 per cent of group revenue, are expected to continue providing resilient, profitable growth," the company said in a statement on Tuesday.

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