James Hardie Industries show an increase in NOPAT

Company News

by Rachael Jones

James Hardie Industries (ASX:JHX) posted its first quarter earnings update this morning showing adjusted net operating profit (NOPAT) for FY20 (ending in March 2020) would range between US$325 million and US$365 million compared to the consensus forecast range of US$328 million to US$360 million.

The group posted a 13 per cent jump in NOPAT compared to the same time last year to US$90.2 million, while adjusted earnings before interest and tax (EBIT) increased 16 per cent to US$124.4 million.

Sales were up 1 per cent to US$656.8 million in the June quarter.

Shares in James Hardie Industries (ASX:JHX) are trading 13.99 per cent higher at $21.67.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.