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James Hardie posts 17% jump in quarterly profit

Published 11/02/2020, 05:26 pm
Updated 11/02/2020, 05:28 pm
© Reuters.  James Hardie posts 17% jump in quarterly profit

Feb 11 (Reuters) - James Hardie Industries JHX.AX , the world's biggest fibre cement maker, posted on Wednesday a 17% jump in third-quarter profit, underpinned by a strong performance in its North American housing business.

The Ireland-headquartered firm posted an adjusted net operating profit for the quarter ended Dec. 31 of $77.4 million, compared with $65.9 million a year ago.

The company expects full year adjusted net operating profit to be between $350 million and $370 million, raising the lower end of the forecast from $340 million.

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