Profits from the building products business hit a record for the first half.in which CSR owns a 25 per cent stake is seeking a cheaper power deal from 2029 as crunch time looms for the biggest user of electricity in NSW., is the biggest aluminium smelter in Australia.
CSR’s aluminium division tumbled to a $24 million loss in the six months ended September 30 and is forecast to make a loss of between $15 million to $30 million for the full year. Higher energy prices and coal costs were up a combined $26 million in the aluminium unit, which was an overall drag on CSR’s core building products division that had a record half.
“But unemployment rates are very low, and migration, they are big numbers in terms of population growth.”Ms Coates said there were 110,000 homes under construction and that pipeline would likely run through until mid-2024.If there were any sign of a fall-off in construction demand, the company would notice it first in its PGH bricks business because bricks are used early in the construction process.
Ms Coates said the pipeline of detached housing construction already under way was about 50 per cent higher than historical averages, while in the apartment market there were two to three years’ work in hand.
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