Australia's CSR hits 5-1/2-month high on 30% profit jump

CSR

04/11/2021 24:52

** Shares of building products manufacturer CSR  CSR.AX 
rise as much as 4.7% to A$6.28, their highest since May 12
    ** CSR posts its biggest intraday pct gain since July 15
    ** Co posts https://www.asx.com.au/asxpdf/20211104/pdf/452kw6mg8nstj2.pdf
 30% jump in HY net profit after tax, before significant items,
to A$86.6 mln ($64.66 mln) 
    ** HY revenue rises 6% to A$1.14 bln
    ** CSR declares interim ordinary fully franked dividend of
13.5 Australian cents per share
    ** Sees FY22 EBIT for Property segment to be about A$34 mln
    ** Expects FY22 Aluminium segment EBIT to be in the range of
A$35 mln to A$41 mln, supported by strong hedge position
    ** Stock up 16.6% this year, as of last close
    
  ($1 = 1.3394 Australian dollars)

 (Reporting by Dhriti Garg in Bengaluru)
 ((dhriti.garg@thomsonreuters.com))