May 17, 2017 / 10:13 PM / 3 months ago

Australia’s James Hardie full-year profit up 13 percent

May 18 (Reuters) - James Hardie Industries Plc, the world’s top fiber cement building materials maker, said its full-year net profit rose 13 percent on robust performance in North America in the fourth quarter.

Net profit for the year grew to $276.5 million, compared with $244.4 million a year ago.

That beat the $231.96 million mean estimate of seven analysts polled by Thomson Reuters I/B/E/S.

The Australian company had slashed its full-year adjusted net profit forecast to a range of $245 million to $255 million in its third-quarter results announcement in February, warning of uncertainty in the U.S. housing market.

Adjusted full-year net profit came in at $248.6 million, compared with $242.9 million last year.

James Hardie makes four-fifths of its sales in North America. (Reporting By Rushil Dutta; Editing by Bill Trott)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below