Ann: DuluxGroup delivers solid profit growth, page-6

My fist pass assessment was made while I was on the run, so it was merely a view made from a cursory scan of the result.

But since then I've had a chance to have a closer look at the result and I still find that, somewhat out of character for DLX, this result flatters the true underlying performance of the company by some 6%-odd at the EBIT line. Which is a big variance.

While management have called out the profit from the sale of the Glen Waverly site in deriving their adjusted EBIT, they omit to account for the profit on the sale of DG Camel:



Something doesn't stack up.

As I say, quite out of character (unless I'm missing something)