Here’s how CSR’s (ASX:CSR) shares reacted to half-yearly results

November 04, 2022 05:19 PM AEDT | By Tamnna
Follow us on Google News:


  • Shares of CSR Limited were in the green zone after the company announced its half-yearly results today (4 November).
  • CSR has reported total trading revenue of AU$1.3 billion in the last six months.
  • The company’s NPAT has increased by 27% to AU$110.1 million.

Shares of the Australian building products company CSR (ASX:CSR) Limited reacted positively to its half-yearly results, published today (4 November) on the Australian Stock Exchange (ASX). The shares of CSR were trading 3.973% higher at AU$4.710 apiece as of 2:25 PM AEDT.

According to the company’s announcement, the CSR group reported total revenue of AU$1.3 billion in the HY23 ended 30 September 2022. CSR Limited registered 27% increase in its net profit after tax (NPAT before significant items) from the prior comparable period at AU$110.1 million. Additionally, the earnings per share jumped to 22.8 cents from 17.9 cents.

While CSR shares soared on the ASX thanks to the strong half-yearly results, the benchmark S&P/ASX 200 Industrials sector was down 0.572% to 6235.8 points at 2:25 PM AEDT today.

Highlights of CSR’s half-yearly results

The company’s ASX filing highlighted the below stats for the six months ended 30 September:

  • CSR’s NPAT was up 27% from the prior comparable period to AU$110.1 million.
  • The statutory net profit after tax dropped from AU$156.6 million in the previous corresponding period to AU$104 million during HY23.
  • The company delivered earnings before interest and tax (EBIT before significant items) of AU$171.3 million during HY23, up 29%. This increase was driven by the below results:
    • Building products contributed to CSR's EBIT of AU$139.2 million, a 15% increase over the previous comparable period. According to the ASX filing, the improvement in building goods' EBIT was driven by cost control, price discipline, and outstanding execution across end markets. In addition, the return on invested capital also rose from 24% to 28%.
    • Regarding the property segment, CSR produced an EBIT of AU$27.6 million, largely due to the completion of the next tranche at Horsley Park in New South Wales.
    • Lastly, as increased raw material and input costs offset higher aluminium pricing, EBIT dropped from AU$18.3 million to AU$17.4 million in HY23.
  • Foreign exchange volatility affected aluminium prices, which increased the company’s net finance costs from AU$5.9 million to AU$13.9 million.
  • From a net cash position of AU$177.7 million at the end of March 2022, net cash declined to AU$142.1 million.

Talking about the half-yearly results, Julie Coates, managing director and CEO, CSR, said:

Image Source: © 2022 Kalkine Media ®

Data Source: Company announcement dated 4 November 2022


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK