News: CSR CSR Says Covid-19 Had Minimal Impact On FY20 Result

May 12 (Reuters) - CSR Ltd (CSR) :

• COVID-19 HAD MINIMAL IMPACT ON YEM20 RESULT
• NO FINAL DIVIDEND WILL BE PAID FOR YEM20
• NO EARNINGS GUIDANCE FOR YEM21 TO BE PROVIDED FOR CSR GROUP DUE TO UNCERTAINTY FROM COVID-19
• CEO, CFO AND SENIOR EXECS FORFEIT YEM20 SHORT-TERM INCENTIVE BONUS
• ANTICIPATES THERE WILL BE IMPACT ON ACTIVITY IN KEY MARKETS IN YEM21
• BEEN ABLE TO KEEP OUR SITES FULLY OPERATIONAL & MINIMISE DISRUPTIONS FOR CUSTOMERS
• NO EARNINGS GUIDANCE FOR YEM21 TO BE PROVIDED DUE TO COVID-19 UNCERTAINTY
• NET CASH ON BALANCE SHEET $95 MILLION AT MARCH-END; TO STRENGTHEN LIQUIDITY WITH EXTRA $200 MILLION IN FACILITIES SECURED IN MAY
• SHARE BUYBACK PAUSED
• ANNOUNCES SIGNIFICANT INCREASE TO FORWARD HEDGE POSITION FOR ALUMINIUM FOR YEM21-23