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CSR braces for JobKeeper wind-down

Simon Evans
Simon EvansSenior reporter

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The chief executive of building products group CSR says she is keeping a tight rein on costs in an uncertain market where revenue in the core business making products including PGH bricks, Monier roofing and Gyprock plasterboard fell 6 per cent last month.

Julie Coates said better diversification in the range of products which CSR supplies to the construction industry along with robust cost-cutting of $20 million helped the company deliver a slight lift in profit and margins in the six months ended September 30 in building materials. But profits in its smaller aluminium business were crunched by COVID-19 economic fallout.

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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com

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    Original URL: https://www.afr.com/companies/infrastructure/csr-braces-for-jobkeeper-wind-down-20201101-p56akr