Csr (ASX:CSR) announced financial results for the half-year ended 30 September 2022.

CSR Limited delivers 27% increase in net profit after tax ( before sig. items).

15% growth in Building Products earnings reflecting good execution across end markets, price discipline and cost management.

Statutory net profit after tax of $104 million included significant items (after tax) of $6m relating to software-as-a-service.

Trading revenue of $1.3 billion was up 14% with earnings before interest and tax (EBIT before significant items) of $171 million, up 29%.

Building Products ? EBIT of $139 million, up 15%, reflecting good execution across end markets, price discipline and cost management. Return on funds employed increased to 28% from 24%.

Property - EBIT of $28 million which included completion of the next tranche at Horsley Park, NSW. This compared to $7 million in the previous half year due to the timing of transactions.

Aluminium - EBIT of $17 million, down from $18 million, with higher aluminium pricing offset by higher raw material and input costs.

Interim dividend of 16.5 cents per share (fully franked) declared (up from 13.5 cents per share)which is in line with CSR?s policy of 60-80% of net profit after tax (before significant items).

Following the announcement the company?s share price rose 1.103%.