Feb 5 (Reuters) - Australia's James Hardie Industries Plc (JHX) reported a 10 percent drop in third-quarter profit on Tuesday, as a soft U.S. housing market dealt a blow to sales of the world's biggest fibre cement maker.
The company, whose U.S. cement sales accounts for a majority of total sales, said adjusted net operating profit fell to $65.9 million for the quarter, from $72.9 million a year earlier.
In November last year, the company had cut its full-year earnings guidance, citing uncertainty over the future of the U.S. home building boom which had long propelled its profits.
News: JHX Australia's James Hardie Industries 3rd-qtr profit falls 10 pct
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Last
$43.93 |
Change
0.730(1.69%) |
Mkt cap ! $18.88B | |||
| Open | High | Low | Value | Volume |
| $43.95 | $44.29 | $43.67 | $99.44M | 2.261M |
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| JHX (ASX) Chart |