wattyl 55 per cent margined yield, page-2

Sydney - Tuesday - August 22: (RWE Australian Business News) -
Wattyl Ltd (ASX code: WYL) net profit fell 64.6 per cent to $4.08
million in the year ended June 30 from $11.53 million for the previous
year.
Net profit before non-recurring items rose 21.9 per cent to
$13.26 million.
Revenues for the paint and surface coatings company rose 0.9 per
cent to $426.19 million from $422.41 million.
Earnings per share (EPS) fell 65 per cent to 4.8c but EPS before
non-recurring items from continuing operations rose 21.2 per cent to
15.7c.
Final dividend has been increased from 2c to 6c, fully franked,
payable on September 22 to shareholders registered September 8.
Total ordinary dividend for the year is 14c, up from 12c, while
there was a special dividend of 40c, compared with 10c in special
dividends for the 2005 year.

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Managing director Dr John Nolan said it had been a year of
positive change for Wattyl.
"In June 2005 a major restructuring program was announced to
reduce fixed costs across the business and to create single, focused
sales, marketing and technical teams to maximise opportunities across
the business, and to create single, focused sales, marketing and
technical teams to maximise opportunities across Wattyl Australia's four
operating units.
"Other initiatives included improving supply performance to our
customers and further rationalisation of the product range," he said.
"These projects have essentially been completed and while the
underlying performance has improved compared to last year, we are
focused on ensuring the full benefits from these activities are realised
in FY2007," Dr Nolan said.