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Housing market lifts CSR's HY profit 3.7%

CSR has lifted first-half profit 3.7 per cent to $118.7 million as the building products supplier benefited from a solid east coast residential housing market.

The company behind Gyprock plasterboard, Bradford insulation and Viridian glass says earnings from its building products business rose 5.0 per cent against a backdrop of record low mortgage rates and steady population growth.

CSR's aluminium business lifted also earnings 27 per cent as the price of the metal hit a five-year high.

Topics: Approvals

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