Fibre cement maker James Hardie's quarterly profit falls 15%

Reuters
02-19
Fibre cement maker James Hardie's quarterly profit falls 15%

Feb 19 (Reuters) - James Hardie Industries JHX.AX, the world's leading fibre cement maker, reported a 15% fall in its third-quarter profit on Wednesday, due to headwinds in raw materials from its key North American operations.

The Dublin-based firm posted an adjusted net income of $153.6 million for the three months ended December 31, compared with $179.9 million reported in the quarter, a year ago.

That, however, beat the Visible Alpha consensus estimate of $148 million.

(Reporting by Roshan Thomas and John Biju in Bengaluru; Editing by Mohammed Safi Shamsi)

((John.Biju@thomsonreuters.com; Roshan.Thomas@thomsonreuters.com))

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