Ailing glass division pushes CSR into the red

CSR has warned its glass division will continue to be a drag on its performance in the year ahead, despite a $196 million provision booked against it in the latest financial year.

The difficulties  were compounded by an across-the-board slump caused by the weak home building market, which pushed CSR into the red in the year to March, resulting in a net loss of $146.9 million.This reversed the profit of $76.3 million earned a year earlier.

Read more here.

600450 Ailing glass division pushes CSR into the red glassonweb.com

See more news about:

Others also read

AIS Swytchglas in offices: Bolstering Privacy & Productivity
Glass has always been a popular addition to offices around the globe, often replacing walls and whiteboards in many spaces.
Introducing WhiteOUT™, Your On-Demand Visual Privacy Solution
WhiteOUT™ is the first individual panel frameless opening glass wall system to provide visual privacy on demand.
INWALL anti-seismic glass walls
Anti-seismic glass walls: tests at the University of Naples show that INWALL is safe even during an earthquake.
Sound-absorbing walls, indispensable in crowded offices | VetroIN
Sound-absorbing walls: the solution to reduce the reverberation without spoiling the aesthetics VetroIN.
Acoustic Innovation in Glass Door Design
R&D in door sealing technology, as well as naturally clever design, has enabled us to make huge advances in the acoustic performance of our glass doors.
Anti-seismic partition walls: they would have resisted Amatrice's shock
Anti-seismic partition walls: Inwall withstands high-intensity shocks without undergoing any structural damage.

Add new comment