Strong First-Half 2016 Result Reinforces Strength of Core Paint Franchise; Lifting FVE to AUD 7.00
DuluxGroup reported a 3.7% increase in first-half fiscal 2016 net profit after tax, or NPAT, before significant items, to AUD 63.7 million, which was broadly in line with our estimates. No restructuring charges were booked (AUD 11.9 million in the prior corresponding period). EPS increased by 3.1% to AUD 0.164, while DPS increased by 4.5% to AUD 0.115 (100% franked).The result reinforced the strong fundamentals within the core paints and coatings ANZ division--73% of earnings--which gained mark...
DuluxGroup is engaged in the manufacture, marketing, manufacture, marketing, sale and distribution of branded paint, coatings, adhesives, garden care and other building products to the residential home improvement, commercial and infrastructure markets across Australia, New Zealand and Papua New Guinea, China, South East Asia and the U.K. Co. supplies paints and coatings under the Dulux brand; consumer and construction products under the Selleys and Parchem brands; cabinet and architectural hardware under the Blum, Hera, SecureView, Assa Abloy and Breezway brands; and Yates garden care and home improvement products.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.