Australia: James Hardie’s operating profit in the three-month period ended 30 June 2020 was US$89.3m, down by 1% year-on-year from US$90.2m in the corresponding period of 2019. Earnings before interest and taxation (EBIT) were US$125m, consistent with the corresponding quarter of the previous fiscal year.
Chief executive officer (CEO) Jack Truong said, “In February 2019 we launched a global strategy to transform James Hardie from a big small company to a small big company capable of delivering growth above market with strong returns, consistently. This is our fifth consecutive quarter of delivering strong results in line with the core goal of that strategy: growth above market and strong returns. I am very pleased to note that not only do we remain on track with our transformation, but we are also accelerating our transformation during the coronavirus pandemic.”
