Tag: DLX

Ahead of shareholder approval of the takeover offer from Nippon Paint, DuluxGroup has announced a special dividend on a top of its interim dividend for the six months to March 31.

It’s no wonder the DuluxGroup board is unanimously backing a $3.8 billion takeover offer from Japanese paint giant Nippon Paints.

Dulux Group has lifted annual dividend with a higher final payout after reporting a 5.4% rise in full-year profit to $150.7 million for the year to the end of September.

DuluxGroup has lifted interim dividend by a cent to 14 cents a share after lifting half year profit 9% to $79.2 million. But the market went right off the result as the day went on yesterday.

Dulux shares hit a new all time high yesterday, continuing the nice turn for investors after the company revealed a solid result for 2016-17 with higher earnings and dividend.

Shares in paints group, DuluxGroup hit another all time high yesterday in the wake of the release of a solid half year report and higher interim dividend.

Paint maker Dulux (DLX) has lifted profit 15.6% to $139.4 million for the year to September 30 and expects to be reporting another gain for the 2016-17 financial year.

Paint company DuluxGroup has edged up interim dividend by half a cent to 11.5 cents a share for the six months to March 31, but investors gave that and a small lift in earnings the thumbs down yesterday.

The home building and renovation boom paid off nicely for Dulux (DLX), the paint and building products group, with a solid rise in full year profit and a near 10% increase in total dividend payout for the year.

As expected, the bottom line of paint maker DuluxGroup (DLX) took a hit in the six months to March after the company had revealed plans for a revamp of its manufacturing and distribution chain along the eastern seaboard.

Leading paint maker DuluxGroup (DLX) is planning a major shake up of some of its east coast distribution and manufacturing facilities.

Dulux (DLX) has again told shareholders they can expect a lift in earnings for the current financial year.

Unlike directors of Incitec Pivot (IPL) on Tuesday, directors of DuluxGroup (DLX) yesterday lifted final dividend payout because they can see a higher profit for the current financial year.

DuluxGroup (DLX) expects its full year profit, excluding one-off items, to be higher than the previous year’s weak result.

And it was also a more confident upgrade from paint and building products company, DuluxGroup (DLX), thanks to the gathering rebound in housing.

DuluxGroup shrugged off the impact of floods, a sluggish building industry and weak retailing to report a solid 13% rise in underlying net profit for the September 30 year to $77.6 million.

DuluxGroup says net profit for the company’s first year as a standalone entity was $61.289 million in the year to September 2010 and it expects profit to grow further in 2011 year.