CSR restructuring boosts H1 profit 48%

Company News

CSR Limited (ASX:CSR) has improved its interim profit by more than expected on the back of higher earnings across all its businesses. 
 
Excluding significant items, the building products group’s net profit climbed 48 per cent to $68.4 million in the six months to the end of September. 
 
Managing Director Rob Sindel says the company is very pleased the result which reflects the benefits of restructuring initiatives over the past few years. 
 
CSR has noted analysts’ current forecast range for the company’s annual net profit after tax (before significant items) is between $111 million to $134 million.
 
The company expects to deliver a result towards the upper end of this range, assuming no material decline in market conditions. 
 
An unfranked interim dividend of 8.5 cents per share has been declared.