James Hardie cements its top billing

On Thursday, building products supplier James Hardie (ASX: JHX) announced its fourth quarter results, reporting a net profit attributed to shareholders of $US244.4 million in the year to March 31 which was inline with company guidance of $240 to $250 million. The underlying volume growth of 11% was encouraging and well received by the market along with the buyback the company announced. Following the announcement shares in James Hardie rose and closed up 3.4% for the week. We do not own James Hardie in the investment portfolio