DuluxGroup Financial Performance Update
DuluxGroup financial performance
Half year ended 31 March (A$M)
Sales
Other Income
2011
2010
% ↑
Actual Pro forma
491.2
490.2
0.2 ↑
26.6
1.0
nm
↑
Total Business EBIT
75.2
70.9
6.1 ↑
EBIT (before standalone costs)
71.8
65.0
10.5 ↑
Net profit after tax
48.7
*
*
NPAT pre taxation consolidation adjustment
39.3
*
*
Operating cashflow
75.2
76.0
(1.2)↓
Net debt
190.6
204.9
(7.0) ↑
Rocklea flood impacted the “shape” of the result:
•
-
Sales impacted (~3%) plus extra costs (e.g. repairs, tolling, asset write-off);
– Other income growth relates to income booked for flood insurance recoveries;
Net EBIT impact due to Rocklea flood (including some deferred costs) not material
Cash flow remains strong despite some adverse flood-related impacts.
* Not calculated for 2010. Refer to Appendix for definitions. Please note that the 2010 comparative net debt figure shown is as at September 2010.
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