May 17 (Reuters) - DuluxGroup Ltd (DLX) :
- Half year report 2016 - appendix 4d
- HY consolidated revenue from operations of $851.1 million versus $836.9 million
- HY net profit of $63.7 million versus $49.5 million
- Says interim dividend of 11.5 cents per share, fully franked, an increase of 4.5%
- Outlook for input costs is similar to what was seen in the first half
- Targeting EBIT growth in New Zealand in the second half to achieve a broadly flat result for the FY 2016 year
- Second half margin will be positively impacted by expected EBIT recovery in New Zealand
- Expect that 2016 net profit after tax will be higher than the 2015 equivalent of $124.7 million
- Expect to maintain about 70% dividend payout ratio on npat before non-recurring items
- "China growth rates relatively weak & png market outlook is poor"
