Building products maker James Hardie has lifted profit and expects a continued recovery in the Australian and US housing markets to drive further growth.

The company achieved an 11 per cent rise in operating profit in the three months to December to $US48 million ($A61.6 million), as sales increased across the US, Asia Pacific and Europe. It expects to make an operating profit between $US210 million and $US222 million for the full fiscal year,…