JHX james hardie industries plc
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News: JHX Australia's James Hardie posts 11% rise in first-half profit on U.S. housing recovery

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    10/11/20
    08:25
    Post #: 48754943

    Nov 10 (Reuters) - James Hardie Industries (JHX) posted on Tuesday a 11% rise in first-half profit and decided to reinstate annual dividend as its housing business benefited from a sharp recovery in the U.S. homebuilding market.

    The world's largest fibre cement maker said adjusted net operating profit for the half year ended Sept. 30 came in at $209.8 million, up from the $188.8 million reported a year ago.

    The company said it will reinstate an annual ordinary dividend for fiscal year 2021.

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