Nov 10 (Reuters) - James Hardie Industries JHX.AX posted on Tuesday a 11% rise in first-half profit and decided to reinstate annual dividend as its housing business benefited from a sharp recovery in the U.S. homebuilding market.
The world's largest fibre cement maker said adjusted net operating profit for the half year ended Sept. 30 came in at $209.8 million, up from the $188.8 million reported a year ago.
The company said it will reinstate an annual ordinary dividend for fiscal year 2021.