ReutersUPDATE 1-Australia's James Hardie full-year profit rises 13 pct(Adds CEO comments, details) May 18 (Reuters) - James Hardie Industries Plc , the world's top fiber cement building materials maker, reported a 13 percent rise in full-year net profit on Thursday as a reduction in compensation payouts for asbestos diseases boosted the bottom line. Editing by Jane Wardell and Richard Pullin) ((rushil.dutta@thomsonreuters.com; +91-80-6749-1130; Reuters Messaging: rushil.dutta.thomsonreuters.com@reuters.net)) Keywords: JAMES HARDIE RESULTS/ (UPDATE 1) Fourth quarter net profit rose nearly 55 percent to $44.5 million from $28.8 million a year ago. "Improving the performance of our North America manufacturing network remains a key focus for the business going forward," James Hardie CEO Louis Gries said in a statement. However, it also booked increased manufacturing costs due to an increase in its North America manufacturing capacity.
referring to
Target Corp (TGT.N) reported higher-than-expected quarterly profit and sales and set an optimistic tone for the year, saying its full-year profit could come in at the higher end of its forecast. Sales at Target stores open at least a year fell 1.3 percent in the first quarter, rounding up a year of same-store sales declines. Excluding items, Target earned a profit of $1.21 per share, while revenue fell 1.1 percent to $16.02 billion. Target said the higher-than-expected performance in the first quarter had increased the probability that its full-year results would come above the midpoint of its prior forecast for adjusted profit of $3.80-$4.20 per share. Target is also focusing on opening smaller-format outlets and is investing heavily in its e-commerce business.
read more visit us profit
collected by :Jack Luxor
referring to
Target Corp (TGT.N) reported higher-than-expected quarterly profit and sales and set an optimistic tone for the year, saying its full-year profit could come in at the higher end of its forecast. Sales at Target stores open at least a year fell 1.3 percent in the first quarter, rounding up a year of same-store sales declines. Excluding items, Target earned a profit of $1.21 per share, while revenue fell 1.1 percent to $16.02 billion. Target said the higher-than-expected performance in the first quarter had increased the probability that its full-year results would come above the midpoint of its prior forecast for adjusted profit of $3.80-$4.20 per share. Target is also focusing on opening smaller-format outlets and is investing heavily in its e-commerce business.
read more visit us profit
collected by :Jack Luxor
Comments
Post a Comment