JHX up 20% profit on last year
James Hardie Industries SE manufactures building products, including fiber cement siding, backerboard, and pipe. The company has significant operations in the US, but is listed on the Australian Stock Exchange.
James Hardie has reported a US$140.4 million full year operating profit, a 20% rise on year. The result was slightly ahead of analyst expectations of US$137.7 million.
Sales for the full year rose by 6% to US$1.24 billion.
CEO Louis Gries described operating earnings for the full year as solid with revenue up in Europe and the U.S. but with some rises in some costs constraining profitability.
The company declared a final dividend of US$0.38 a share.
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