James Hardie Industries SE (ASX:JHX) has swung from a loss to a profit in the first half of the 2012 financial year and says it’s on track to meet full year guidance.
The building materials manufacturer posted a net profit of $126.5 million in the six months to the end of September, compared to a loss of $314 million the year before.
Excluding one-off items, normalised profit increased 32 per cent to $80.2 million.
James Hardie says its Asia Pacific businesses are performing well despite being challenged by a weaker operating environment.
An interim dividend of $US0.04, unfranked, has been declared.
In the 2011 financial year James Hardie Industries widened its full year net loss to $336 million.
