Building products supplier CSR’s (ASX:CSR)
net profit slid 15 per cent to $58.7 million for the six months to September when compared to the year earlier period.
The drop in net profit was partly due to lower earnings in CSR’s aluminium arm, reflecting a decline in aluminium prices.
The company declared an interim dividend of 8.5 cents a share fully-franked.
Chief executive Julie Coates says, “while it has been a challenging half on many fronts, we are very pleased with the performance of Building Products.”
Shares in CSR (ASX:CSR)
are trading 2.7 per cent higher at $4.53.