News: Dulux reports H1 profit doubles

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DuluxGroup (ASX:DLX) has this morning reported an impressive jump in profit, with full year profit expected to be more than $71.5 million.



First half profit for the paint maker has doubled, on the back of its market leading brands.



Net profit rose to $48.74 million for the six months to March 31 from $23.65 million a year earlier.



The Melbourne-based company’s chief executive, Patrick Houlihan, said the result reinforced the company's strategic direction.



The interim dividend for the company will be a fully franked 7.5 cents per share.



Meanwhile, DuluxGroup reported a net profit of $61.3 million in the year ended September 30, 2010.