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Ailing glass division pushes CSR into the red

Post Time:May 20,2013Classify:Industry NewsView:69

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.

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Source: http://www.glassonweb.com/news/index/19105/Author:

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