CSR laments losses on glass-maker

CSR conceded its takeover of Viridian may have been a dud, after the struggling glass division dragged down first-half earnings at the building products maker.

Viridian Glass posted a $6.9 million first-half loss as the company as a whole reported a 21 per cent drop in earnings before interest and tax (EBIT) to $92.8million.

However, CSR posted a net profit from continuing operations (after significant items) of $34.9million for the six months to September 30, up 13 per cent from the previous corresponding period.

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600450 CSR laments losses on glass-maker glassonweb.com
Date: 11 November 2011
Source: www.canberratimes.com.au

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