News: CSR FY net & underlying profit jump

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CSR Limited (ASX:CSR) has posted a stronger net and underlying profit over the year to the end of March. 

 

The building products manufacturer boosted its net profit by 43 per cent to $125.5 million.

 

CSR advises the prior year benefited from a $33 million pre tax reduction in asbestos liabilities. 

 

On an underlying basis the company’s profit surged 82 per cent while its revenues rose 16 per cent to more than $2 billion. 

 

A final dividend of 11.5 cents per share has been declared, taking the full year pay out to 20 cents per share.