James Hardie Industries
(ASX:JHX) says it is moving above market trend during the first quarter, amid a flat Australian housing market.
The building products maker says it expects a small recovery in the sector later this year.
The group's net profit jumped to $65.02 million compared with a $1 million net profit the same time last year , aided by a demand in regional accommodation, underpinned by the growth in the resources sector.
James Hardie booked a net profit of $580.9 million in its full year ending 31 March 2012.
