No way klcsecurity.
CSR start the year with $140 million in the bank and if nothing happens with it at least there will be the interest forth coming.
Writedowns appear complete in the Viridian Glass division and Building Products side.
Profit from Aluminium is $111.9 million and with the hedging in place now there is a good chance of beating that next time round.
Building products made $107.4 million and slightly brighter prospects again give it a chance of being beaten.
Brendale is due to be sold and made $14.6 million last year.
All in all, debt free CSR, look to be financially clean and it is only what they do with the $140 million cash that matters. The dividend re-investment scheme will leave more cash in the company.
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