News: JHX James Hardie H1 Net Profit Attributable US$160.1 Mln

Nov 8 (Reuters) - James Hardie Industries Plc (JHX) :

• H1 NET PROFIT ATTRIBUTABLE US$ 160.1 MILLION VERSUS US$123.8 MILLION
• H1 NET SALES FROM ORDINARY ACTIVITIES US$ 1,295.6 MILLION VERSUS US$1,033.5 MILLION
• ADJUSTED NET OPERATING PROFIT OF US$80.9 MILLION FOR Q2 AND US$160.8 MILLION FOR H1
• EXPECTS FULL YEAR ADJUSTED NET OPERATING PROFIT TO BE BETWEEN US$280 MILLION AND US$320 MILLION
• EXPECT TO SEE MODEST GROWTH IN US HOUSING MARKET TO CONTINUE IN FISCAL YEAR 2019
• SEES NORTH AMERICA FIBER CEMENT SEGMENT EBIT MARGIN IN TOP HALF OF STATED TARGET RANGE OF 20%-25% FOR FISCAL YEAR 2019
• MANAGEMENT CAUTIONS THAT ALTHOUGH US HOUSING ACTIVITY HAS BEEN IMPROVING, MARKET CONDITIONS REMAIN SOMEWHAT UNCERTAIN
• FIRST HALF ORDINARY DIVIDEND OF US10.0 CENTS PER SECURITY PAYABLE TO CUFS HOLDERS ON 22 FEB 2019

Source text: http//bit.ly/2qBzaC9

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