Exhibit 99.2

(RESULTS AT A GLANCE)

4th Quarter and Full Year Results – 31 March 2003

                                 
    4th Qtr FY 03           FY 03            
James Hardie                                
                                 
Net Sales   Up   26%   to   US$198.5   Up   32%   to   US$803.7
EBIT2   Up   29%   to   US$ 28.4   Up   71%   to   US$130.6
Operating Profit   Up   59%   to   US$ 23.4   Up   202%   to   US$ 85.4
Net Operating Profit1   Up   226%   to   US$ 54.5   Up   454%   to   US$170.5
EBIT/Net Sales2   Up   0.2 pts   to   14.3%   Up   3.7 pts   to   16.2%
                                 
USA Fibre Cement                                
                                 
Net Sales   Up   25%   to   US$146.2   Up   35%   to   US$599.7
EBIT2   Up   56%   to   US$ 37.8   Up   58%   to   US$155.1
EBIT/Net Sales2   Up   5.3 pts   to   25.9%   Up   3.7 pts   to   25.9%
Volume   Up   12%   to   297.9 mmsf   Up   29%   to   1273.6 mmsf
                                 
Asia Pacific Fibre Cement                                
                                 
Net Sales   Up   24%   to   US$ 48.5   Up   24%   to   US$194.4
EBIT   Down   26%   to   US$ 4.9   Up   34%   to   US$ 30.1
EBIT/Net Sales   Down   6.8 pts   to   10.1%   Up   1.2 pts   to   15.5%
Volume   Up   12%   to   92.0 mmsf   Up   15%   to   368.3 mmsf
                                 
                 
Key Ratios   FY 02   FY 03
         
Earnings Per Share (Basic)   6.4 cents   18.7 cents
EBIT/Sales   8.0%   16.4%
Return on Shareholders Funds1   8.9%   42.3%
Return on Capital Employed   8.6%   21.2%
Gearing1   44.7%   21.4%
Net Interest Cover (EBIT1/ Net interest expense)     3.0x   6.6x
 
All comparisons are against the 4th quarter or 12 months of the previous fiscal year.
All dollar amounts are in US$ millions.
Results are for continuing businesses only unless otherwise stated.
mmsf = millions of square feet

Note: This document should be read in conjunction with other 4th quarter and Full Year results materials including a Media Release, a Management’s Discussion and Analysis and a Management Presentation.

1   Includes discontinued operations
 
2   Before restructuring and other operating expenses. Management has used EBIT before restructuring and other operating expenses because this measure provides a more accurate indication of operating performance. Refer Management Discussion and Analysis for reconciliation with US GAAP measure.