Feb 9 (Reuters) - James Hardie Industries Plc posted a 59% rise in third-quarter profit on Tuesday as a robust U.S. housing market drove demand for its fibre cement products.
The company’s adjusted net operating profit for the quarter ended Dec. 31 rose to $123.3 million from $77.4 million a year earlier. It beat a Citi estimate of $107.2 million.
The company also raised its full-year net operating profit forecast to between $440 million to $450 million, up from $380 million to $420 million it forecast in November. (Reporting by Arpit Nayak in Bengaluru; Editing by Ramakrishnan M.)