CSR +0.53%: Reported FY earnings this morning that were inline with expectations. NPAT of $192.6m was as expected and a +20% increase on the prior year while the final dividend of 18c was a slight beat. They talked to a strong pipeline of detached housing projects which is expected to continue in the year ahead as completion times lengthen with supply chain and trade capacity impacting the broader industry while activity in the apartment and non-residential markets has improved after an extended slowdown in the last few years. All in all, a solid update and guidance.
MM remains long & bullish CSR
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