James Hardie soars on improved outlook

James Hardie Industries shares have hit an 11-month high after the building materials company said it expected to make more profit this year than analysts had forecast.

James Hardie said operating profit for the year ending March 31 would be between $US328 million and $US360 million ($A482 million-$529 million) compared with analysts’ expectations of between $US325 million and $US365 million.

That company said net sales rose by 1.0 per cent in the three months to June 30 to $US656.8 million, driven by higher cement sales in North America and building products in Europe.

More on this story at: http://online.isentialink.com/denipt.com.au/2019/08/09/4798c2db-7637-464b-a983-e75a0898f345.html

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