James Hardie Industries SE
(ASX:JHX) has announced a net profit of $US27.7 million for the quarter ending December 31, 2011.
The building products manufacturer’s result represents an increase of 32 per cent from the previous year.
James Hardie says its Asia Pacific business contributed strongly to the results and it also reflected manufacturing efficiency gains and improvements in cost management.
Looking ahead, the company believes the Australian housing market remains weak and an immediate pickup in housing construction is not anticipated.
