James Hardie fears early earnings leak
James Hardie has asked for trading halt because it’s worried a clerical error may have led to an early release of earnings figures.
James Hardie Industries has gone into a trading halt because it fears its earnings result may have been released early.
In a statement to the ASX, the building materials company said it had requested the halt because a “clerical error” may have led to the “early release of our earnings materials overseas aftermarket”.
“While we do not believe that any public dissemination of this information has occurred at this time, we have requested this halt in an abundance of caution.”
James Hardie said the trading halt will continue until earnings figures are released, which is expected to be no later than the start of trading on Wednesday.
James Hardie shares last traded up 2.3 per cent to $32.14, after hitting a record of $32.38.
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