Paints and adhesives supplier DuluxGroup still expects the housing market in Australia to generate solid demand for its products in 2016.
Existing homes and new homes generate around 80 per cent of DuluxGroup's revenue.
DuluxGroup on Wednesday affirmed guidance given at the release of its full-year results in November.
"Our view on the 2016 market outlook is consistent with our position in November when we released our full year results," DuluxGroup managing director Patrick Houlihan told shareholders at the company's annual general meeting.
"The outlook in Australia and New Zealand, which represents the majority of our business, remains generally positive."
The company expects its net profit, excluding non-recurring items, in fiscal 2016 will be higher than 2015's figure of $124.7 million.
Shares in DuluxGroup were 1.5 cents higher at $6.325 at 1111 AEDT.
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