AGM
Friday 26 October 2007 at 2.30pm
at the Sydney Harbour Marriott Hotel,
Thomas Keneally Room, 30 Pitt Street,
Sydney, New South Wales, Australia
Wattyl Limited
ABN 46 008 412 173
www.wattyl.com.au
Janette Gough
Customer Service Manager
Finance
Report
This year has been an important year for Wattyl with the successful
completion of the major restructuring program surpassing our
savings target by $2 million.
We now have a solid base, a strengthened management team
and a clearly articulated strategy for our brands, customers and
channels to market. Our business is well positioned to grow.
Key Points
• Underlying EBIT of $30.6 million, up 47% compared to last year
• Australian Underlying EBIT up 80% compared to last year
• Profit after tax of $16.6 million after non-recurring items of
$0.2 million
• Total fully franked ordinary dividends of 15 cents
• Business cost base successfully re-established
– $24 million of cost savings realised over FY2005
• New Zealand profitability impacted by low housing market and
investment in company owned distribution network
• Focus of business now growth
Wattyl Annual Report 2007
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