Aug 10 (Reuters) - Australia’s James Hardie Industries PLC , the world’s biggest fibre cement product maker, said first-quarter profit grew 29 percent on a stronger U.S. dollar and construction in the United States.
Adjusted operating profit was $79.9 million for the three months to June 30, up from $61.7 million a year ago. Operating profit excludes one-off items like the company’s compensation payments to people claiming asbestos-related illness.
James Hardie’s unadjusted net profit for the quarter rose 58 percent to $90.6 million. (Reporting by Ambar Warrick in Bengaluru Editing by Byron Kaye and Phil Berlowitz)