CSR Ltd
(ASX:CSR) has released its full year results for the period ended 31 March 2017.
The company reported its full year statutory NPAT rose 25% to $177.9 million. Its revenue from ordinary activities lifted 7% to $2.47 billion.
This was driven by a significant increase in earnings from its Building Products business, which CSR says delivered a record EBIT of $202.8 million, up 21%.
CSR declared a final dividend of 13 cents per share.
As for its outlook for the full-year ending next March, the company says overall earnings will be bolstered by higher Property division profits, and a significant increase in hedging of Aluminium to reduce future earnings volatility.
Following the release of these results, CSR shares are tracking 10.4% lower at $4.63.
