Dulux posts fall in profit

Paint maker's result hit by Alcoa acquisition costs, revenue surges.

Dulux Group (DLX) says its Alesco businesses have made a “solid start”, after posting a fall in net profit for 2013, largely on the back of acquisition costs and an impairment charge against its Chinese joint venture.  

For the 12 months to September 30, the paint maker posted a net profit of $76.92 million down 14% from the previous year.

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