Shares in building products business CSR Limited (ASX: CSR) shot some 5 per cent higher in trade today after the business posted a full year profit of $166 million on trading revenues of $2.93 billion for the full year ending March 31 2016.
Shares in building products maker CSR Ltd [ASX:CSR] took a beating today, finishing the session down almost 7%. It's been a tough start to the month for CSR - its share price has fallen more than 11% since hitting a four-year high in late February.
If you were hoping that building materials company CSR Limited's (ASX: CSR) annual general meeting today would provide a catalyst to close the valuation gap between its stock and the sector, you'd be disappointed.
The building products company surged to a one-month high in early trade after it posted its best profit in five years. The stock added 4% to $3.90 on the back of a back of an 82% jump in normalised net profit to $146.5 million for the year ended March ...