CSR Released Preliminary FY2020 Results; Revenue Declined By 5%

May 12, 2020 12:08 PM AEST
Team Kalkine

CSR Limited (ASX:CSR) has released its preliminary full year report for the period ended 31 March 2020.

During FY2020, the company reported a drop in its revenue by 5% to A$2,212.5 million. The net profit after tax from continuing operations, after significant items, attributable to members for the period was A$125.3 million, down 10% as compared to the previous corresponding period.

The balance sheet of the company is strong with net cash of A$95 million. The company secured a further A$200 million in May 2020. Thus, was able to strengthen its liquidity position. The company would not be providing final dividend for the full year ended 31 March 2020 in the present uncertain environment.

At AEST 11:34 AM, CSR shares were trading at $3.745, up 10.799% from the previous close.

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