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Dulux lifts FY profit 9.6% to $142.9m

Paint supplier DuluxGroup has lifted full-year profit 9.6 per cent to $142.9 million and expects its business to remain resilient in the property market.

Sales revenue jumped four per cent to $1.8 billion for the year to September 30, helped by strong growth in the Australia-New Zealand business - which contributed the bulk of earnings - and a one-off $3.1 million tax provision write back.

Dulux declared a final fully-franked dividend of 26.5 cents per share, up 10.4 per cent on a year ago, and said further growth will deliver higher net profit after tax in the year ahead.