CSR Limited (ASX:CSR) Trading Revenue Fell By 6%

November 02, 2020 08:19 PM AEDT
Team Kalkine

CSR Limited (ASX:CSR) has declared a blended HY20 result to investors and shareholders on 2 November 2020.

The construction materials giant with brands like Gyprock and Bradford to its credit, CSR reported that its trading revenue fell by 6% to reach $1.075 billion. EBITDA dipped by 12% to reach $143.1 million and group EBIT fell by 17% to $94.4 million.

But as far as its divisions are concerned, a mixed performance was registered. Building product EBIT rose to $96.3 million, aluminium EBIT dropped by 76% to $6.2 million, property division garnered EBIT of $1.7 million whereas, corporate expenses at the EBIT level were $9.8 million.

The underlying net profit fell 7% to $66.4 million and statuary profit fell by 15% to reach $58.7 million.

Meanwhile, CSR traded at $4.685 with a market capitalisation of 2.14 billion.

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