James Hardie (ASX:JHX) has announced a 47 per cent fall in net profit to $146 million for the year ended March 2018.
Going the other way, net sales lifted 7 per cent to just over $2.1 billion compared with 1.9 billion for the same period last year.
A second half financial year dividend of US10 cents is payable on the 3rd of August 2018.
The company says the fall in profit is due to by asbestos adjustments, acquisition costs and debt.
Shares in James Hardie (ASX:JHX) closed 0.13 per cent lower. to $22.45