Interim dividend reduced as property and aluminum businesses weigh on earnings

  • CSR reports a 12% drop in first-half profit
  • Net profit before significant items down 15% to A$93.9 million
  • Interim dividend reduced to 15.0 Australian cents per share
  • Property and aluminum businesses weigh on earnings
  • Building-products arm sees record Ebit of A$164.7 million

Australian building materials supplier CSR reported a 12% drop in first-half profit, with net profit before significant items down 15% to A$93.9 million. The company also reduced its interim dividend to 15.0 Australian cents per share. The earnings losses in CSR’s property and aluminum businesses contributed to the decline in profit. However, the building-products arm of the company saw a record Ebit of A$164.7 million, reflecting price discipline and volume growth in Gyprock, Hebel, and Bradford businesses.

Factuality Level: 8
Factuality Justification: The article provides specific financial figures and reports on the interim dividend and profit of CSR. It does not contain any irrelevant or misleading information, sensationalism, redundancy, or opinion masquerading as fact. The information provided is objective and based on the company’s financial results.
Noise Level: 7
Noise Justification: The article provides relevant information about CSR’s financial performance, including a drop in profit and the reasons behind it. It also mentions the specific earnings losses in the property and aluminum businesses. However, the article lacks in-depth analysis or insights into the long-term trends or antifragility of the company. It also does not hold powerful people accountable or provide actionable solutions or new knowledge.
Financial Relevance: Yes
Financial Markets Impacted: The financial markets impacted by this news article are the Australian stock market and companies in the building materials industry, specifically CSR.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The news article pertains to financial topics as it discusses the financial performance of CSR, a building materials supplier. However, there is no mention of any extreme event or its impact.
Public Companies: CSR (ASX)
Key People:

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