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Shares in James Hardie Industries plc (ASX:JHX) have spiked almost 15 per cent in morning trade after revealing a $US194.1 million first half net profit.
The building product manufacturer’s result was aided by growth in sales which rose 13 per cent to $US764.2 million.
James Hardie says it has capitalised on the continued improvement in US housing market conditions.
Closer to home the company has noted earnings from the Australian business are expected to only slightly improve from last year.
Looking ahead James Hardie says it will invest in expanded production capacity and has today approved new capital investments of about $US100 million.
Shares in James Hardie Industries had spiked 14.85 per cent this morning and were trading at $11.99.
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Last
$43.20 |
Change
-0.520(1.19%) |
Mkt cap ! $18.57B | |||
| Open | High | Low | Value | Volume |
| $43.17 | $43.40 | $42.72 | $59.88M | 1.389M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7 | $43.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.21 | 8000 | 1 |
View Market Depth
| Last trade - 16.10pm 12/08/2025 (20 minute delay) ? |
| JHX (ASX) Chart |