James Hardie declined to provide annual guidance | Market Update

  • May 19, 2020 AEST
  • Team Kalkine

Building products manufacturer James Hardie has declined to provide an annual guidance but expects margins in its key North America business to stay resilient despite the coronavirus-related disruptions. The company reported a 6.0 per cent increase in full-year profit to $US241.5 million ($A370.9 million). Its net operating profit for the year to March 31, which strips out asbestos liabilities, rose 17 per cent to $US352.8 million. Earlier this month, it announced a suspension in dividend payments due to the market volatility on account of the pandemic and tightened its operating profit guidance to between $US350 million and $US355 million. Net sales for the full year were up 4.0 per cent to $US2.61 billion.

Westpac has lost its chief information officer Craig Bright less than two years into the role, with the bank’s retail head, David Lindberg also pulling the rip cord on the institution. Australia’s oldest bank confirmed on Tuesday that both Bright and Lindberg had accepted roles with institutions overseas and that it had commenced and international search to find replacements.

Industrial metals prices jumped overnight, with copper rising as much as 3 per cent as an easing of coronavirus lockdowns in many countries and hopes for a vaccine fuelled optimism among investors that also lifted stock markets and oil.

#stockmarkets #stockmarketinvesting #kalkine


The video has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above video is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK