In its first year as a standalone entity, DuluxGroup Ltd (ASX:DLX) has posted a profit of $61.3 million for the year ended 30 September.
In July the paint, woodcare and adhesive products provider demerged from explosives and chemical product provider Orica Ltd (ASX:ORI), and Dulux says accordindly, the results do not reflect the complete twelve months of the group's operations.
Pro forma net profit before one-off demerger costs was $71.5 million, which Dulux advises reflects a full year of operations.
Looking ahead DuluxGroup forecasts growth in the new financial year, with net profit after tax in excess of $71.5 million.
A fully franked final dividend of 3 cents per share has been declared by the board.
DLX Price at posting:
$2.73 Sentiment: None Disclosure: Held
