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BRIEF-James Hardie Industries 9-mnth net profit up 8 pct

Published 03/02/2017, 08:46 am
Updated 03/02/2017, 08:50 am
BRIEF-James Hardie Industries 9-mnth net profit up 8 pct
JHX
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Feb 3 (Reuters) - James Hardie Industries Plc JHX.AX

* 9-mnth net profit US$ 232.0 million versus US$ 215.6 million

* 9-mnth net sales from ordinary activities US$1.43 billion versus US$1.29 billion

* An FY2017 first half ordinary dividend of US10.0 cents per security is payable to CUFS holders on 24 February 2017

* Management expects full year adjusted net operating profit to be between US$245 million and US$255 million

* "We expect our North America fiber cement segment EBIT margin to be in our stated target range of 20 pct to 25 pct for fiscal year 2017"

* No dividend reinvestment plan is in operation for FY2017 first half dividend

* Cautions that although U.S. housing activity has been improving, market conditions remain somewhat uncertain Source text for Eikon: ID:nASX8L3qht Further company coverage: JHX.AX

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