Dulux managing director Patrick Houlihan said the improved result was driven by strong, profitable sales growth and improved margins.
said, subject to economic conditions, he
expected next year's profit to be higher still.
"The markets ... in Australia and New Zealand remain generally positive with (Dulux's) primary exposure to the resilient and more profitable, existing homes market," Mr Houlihan
added that, while the new housing market is expected to remain strong, Dulux's
market share growth was expected to be limited by the lower margins and pricing pressures in the sector.
The forecast for the commercial and infrastructure sectors is less positive.
"The outlook for major engineering and infrastructure projects is weak as major capex projects - particularly in mining -wind down, and the pipeline of new infrastructure projects is still some time away," Mr Houlihan