May 17 (Reuters) - DuluxGroup Ltd (DLX)
- HY consolidated revenue from operations $ 881.2mln versus $851.1 million
- HY profit attributable $ 72.706 million versus $63.7 million
- Declares interim dividend of 13.0 cents per share
- Raw material costs are expected to increase at above inflation rates in second half driven by titanium dioxide
- Depreciation in second half is expected to be in line with H2 2016
- Full year EBIT margins are expected to be around FY16 levels
- Corporate costs for FY17 are expected to be $28-$29 mln
- Second half cash flow may be adversely impacted by stock building activity
- Expect 2017 net profit after tax will be higher than the 2016 equivalent of $130.4 mln
- Expect to maintain a dividend payout ratio on NPAT before non-recurring items of approximately 70 pct on a full year basis
