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
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Wilson Asset Management has a track record of making a difference for shareholders and the community for 25 years and is the investment manager for eight LICs - WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB), WAM Microcap (ASX: WMI), WAM Alternative Assets (ASX: WMA), WAM Strategic Value (ASX: WAR), WAM Research (ASX: WAX) and WAM Active (ASX: WAA) - and the Wilson Asset Management Leaders Fund. Wilson Asset Management invests over $5 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the first LICs to deliver both investment and social returns: Future Generation Australia (ASX: FGX) and Future Generation Global (ASX: FGG).
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