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Article: JAMES HARDIE POSTS FALL IN NET OPERATING PROFIT.(Financial report)
- Article from:
- AsiaPulse News
- Article date:
- February 12, 2009
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SYDNEY, Feb 12 Asia Pulse - Building materials group James Hardie NV (ASX:JHX) has recorded a drop in net operating profit in the first nine months of fiscal 2009, and says it expects weaker market conditions to continue.
Net operating profit for the nine months was $US89.7 million ($A136.68 million) down 43 per cent on the $US156.8 million in the previous corresponding period.
Third quarter net operating profit was $US16.5 million, down 56 per cent on the corresponding period last year, James Hardie said in a statement on Wednesday.
Reported net profit including asbestos, ASIC expenses, asset impairments and tax adjustments for the nine months ...