CSR is upbeat on the outlook for the rest of its financial year to March 2015, boosted by strong growth in building approvals for detached and multi-residential housing in a buoyant property market.
Addressing shareholders at the building products company's annual general meeting, managing director Rob Sindel said the growth in housing starts was "very encouraging news for CSR, after several years of relatively weak demand".
"We have a favourable macro environment for our businesses and a strategy that is investing in our people, our operations and our customers," Mr Sindel said.
The building products arm will also benefit from recent acquisitions, while property earnings are set to improve in line with previous guidance, he said.
In May, CSR swung to a full-year profit in growth in building approvals, as the property market receives sustained support from record low interest rates.