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BRIEF-James Hardie Industries says HY net sales from ordinary activities $973.5 mln, up 11%

Published 17/11/2016, 08:29 am
BRIEF-James Hardie Industries says HY net sales from ordinary activities $973.5 mln, up 11%
JHX
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Nov 17 (Reuters) -

James Hardie Industries Plc JHX.AX :

* Notes range of analysts' forecasts for fy net operating profit excluding asbestos is between us$256 million and us$285 million

* HY net profit attributable to shareholders $144.1 million, down 24%

* HY net sales from ordinary activities $973.5 million, up 11%

* An fy2017 first half ordinary dividend of us10.0 cents per security is payable to cufs holders on 24 february 2017

* No dividend reinvestment plan is in operation for the fy2017 first half dividend

* Company expects to see steady growth in us housing market in fiscal year 2017

* Expect net volume growth for north america fiber cement segment to likely outpace overall market growth by mid-to-high single digits.

* Expect our north america fiber cement segment ebit margin to be at the higher end of its stated target range of 20% to 25% for fiscal year 2017

* Management expects full year adjusted net operating profit to be between us$250 million and us$270 million

Source text for Eikon: ID:nASX6qtlSN

Further company coverage: JHX.AX

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