In the first half of 2023, CSR Limited (ASX: CSR) delivered a strong performance, with earnings before interest and tax (EBIT), earnings per share (EPS), and other financial metrics showing positive results. These metrics are non-IFRS measures used for internal management assessment. The company's policy is to pay dividends between 60-80% of full-year net profit after tax, and franking credits will be distributed. CSR Group revenue reached AU$1.4 billion, with Building Products revenue contributing AU$1.0 billion, marking an 11% increase.
CSR Group EBIT was AU$126 million, with Building Products achieving a record result of AU$165 million. The company maintained a strong balance sheet and remained well-positioned for the second half of the year. In terms of safety, CSR focused on reducing injuries and enhancing safety performance. The sustainability focus included targets related to renewable energy, energy reduction, and waste reduction. CSR also reported on its improved Building Products performance, strategic investments, and capital allocation framework, emphasizing a disciplined approach to value creation.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
