James Hardie says it will favour share buybacks over special dividends while tipping moderate growth in the United States housing market and steady conditions in Australia.
The $9 billion building products group on Thursday reported a 10 per cent rise in full-year adjusted operating profit to $US242.9 million ($335 million), with fourth-quarter profit rising 1 per cent to $US57.9 million.
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Tim Binsted writes on Business specialising in Agriculture, Construction, Manufacturing. Tim is based in our Sydney newsroom. Connect with Tim on Twitter.
