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DuluxGroup Limited (ASX:DLX) has reported a 52 per cent increase in net profit for the year to September 30 of $93.2 million.



The paint maker’s results out today include a one-off tax consolidation adjustment of $12.5 million and a $3.1 million benefit from insurance income related to the flooding of its Brisbane manufacturing plant.



Chief executive Patrick Houlihan said the company would focus on building its capabilities to grow its market position in Australia and New Zealand.



DuluxGroup declared a fully-franked final dividend of 7.5 cents per security, up from three cents for the same period last year.