JHX james hardie industries plc

News: James Hardie profit and expectations fall

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    James Hardie Industries (ASX:JHX) has reported a drop in third quarter profit.



    Net operating profit excluding asbestos-related expenses was $US21 million for the December quarter.



    The building materials group has downgraded its full year guidance, lowering expectations for the year to March 2011 to be between $US105 million and $US115 million, down from prior estimates of $US110 million to $US125 million.



    The company warned that there was no evidence of a recovery in the US housing market.



    James Hardie reported a half yearly loss of $329.78 million to 30 September 2010.


 
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