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James Hardie lifts fiscal 2022 profit forecast -Breaking

by Mike Robinson

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© Reuters.

(Reuters) – James Hardie Industries (NYSE:) Industries raised Tuesday its fiscal 2022 earnings outlook as the company relies on strong demand from the booming U.S. market for fibre cement products.

According to the world’s biggest fibre cement manufacturer, full-year adjusted operating profits are now expected to range between $580million and $600million. This is an increase from $550million and $590million.

Dublin-based company also saw a 38% increase in adjusted net operating profits in the first half, coming in at $289.1million. http://

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