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DuluxGroup Ltd (DLX.AX)

DLX.AX on Australia Stock Exchange

7.56AUD
19 Jan 2018
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Latest Key Developments (Source: Significant Developments)

DuluxGroup Announces Sale of China And Hong Kong Coatings Portfolio
Tuesday, 2 Jan 2018 05:14pm EST 

Jan 3 (Reuters) - Duluxgroup Ltd ::DGL CAMEL INTERNATIONAL ENTERS AGREEMENT TO SELL MOST OF ITS COATINGS PORTFOLIO IN HONG KONG AND MAINLAND CHINA TO YIP'S CHEMICAL.EBIT OUTCOME FOR HONG KONG AND CHINA FOR FY18 IS EXPECTED TO BE BROADLY IN LINE WITH FY17​.SELLEYS BUSINESS IN HONG KONG AND CHINA AND A SMALL PART OF COATINGS PORTFOLIO WILL BE RETAINED.  Full Article

DuluxGroup ‍Expects Overall Net Profit After Tax In Fy18 To Be Higher Than Fy17
Wednesday, 20 Dec 2017 06:41pm EST 

Dec 21 (Reuters) - DuluxGroup Ltd ::‍EXPECT OVERALL NET PROFIT AFTER TAX IN FY18 TO BE HIGHER THAN FY17 EQUIVALENT OF $142.9 MILLION​.  Full Article

Duluxgroup Ltd expects 2018 NPAT to be higher than 2017
Tuesday, 14 Nov 2017 04:23pm EST 

Nov 15 (Reuters) - Duluxgroup Ltd ::"expect that 2018 net profit after tax will be higher than 2017 equivalent of $142.9 million​'.‍New housing construction, which accounts for about 15 pct of Duluxgroup revenue, is expected to remain relatively strong​ in 2018.‍Commercial and Engineering markets, accounting for about 15 pct of revenue, expected to provide solid growth overall​ in 2018.  Full Article

Duluxgroup says FY net profit attributable to ordinary shareholders of $‍142.9 mln
Tuesday, 14 Nov 2017 04:23pm EST 

Nov 15 (Reuters) - Duluxgroup Ltd ::FY net profit attributable to ordinary shareholders of $‍142.9 million versus $130.4 million.‍FY consolidated revenue from operations $1.78 billion versus $1.72 billion.Final dividend on ordinary shares for year ended 30 September 2017 13.5 cents per share​.Base effective rate in FY18 is expected to be about 30 pct​.FY18 ‍full year EBIT margins are expected to be in line with FY17​.Directors expect to maintain a dividend payout ratio on NPAT before non-recurring items of at least 70% on a full year basis​.Corporate costs for FY18 year are expected to be about $30 million​."Capital expenditure excluding Merrifield Capital is expected to be about $30 million in fy18‍​".  Full Article

DuluxGroup Ltd's HY profit attributable rises 14.2 pct
Tuesday, 16 May 2017 06:39pm EDT 

May 17 (Reuters) - DuluxGroup Ltd :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.  Full Article

DuluxGroup says purchase of Craig & Rose Paints business in the UK
Wednesday, 10 Aug 2016 06:31pm EDT 

DuluxGroup Ltd : Purchase of Craig & Rose Paints business in the UK . Says with annual sales of less than A$10 million, the acquisition is not material to DuluxGroup overall . Says announced the acquisition of the assets of a small UK-based paints business, craig & rose .  Full Article

DuluxGroup posts HY net profit of $63.7 million
Monday, 16 May 2016 06:29pm EDT 

DuluxGroup Ltd : Half year report 2016 - appendix 4d . HY consolidated revenue from operations of $851.1 million versus $836.9 million . HY net profit of $63.7 million versus $49.5 million . Says interim dividend of 11.5 cents per share, fully franked, an increase of 4.5% . Outlook for input costs is similar to what was seen in the first half . Targeting EBIT growth in New Zealand in the second half to achieve a broadly flat result for the FY 2016 year . Second half margin will be positively impacted by expected EBIT recovery in New Zealand . Expect that 2016 net profit after tax will be higher than the 2015 equivalent of $124.7 million . Expect to maintain about 70% dividend payout ratio on npat before non-recurring items ."China growth rates relatively weak & png market outlook is poor".  Full Article

Australia's DuluxGroup says unit to sell China, HK coatings business

Australia's DuluxGroup Ltd said on Wednesday its majority-owned joint venture company DGL Camel International has agreed to sell most of its coatings business in Hong Kong and China to Yip's Chemical Holdings Ltd .