Diverse manufacturing firm CSR Ltd (ASX: CSR) came out of the red during the first six months of financial year 2010/11 and returned to profit status as of the end of September, with growth projections on its building products division for the rest of the current year.

CSR reported on Wednesday that it has netted a profit of $63 million for the first half of fiscal 2011, coming form the loss of $155.6 million the company incurred in the same period on the prior year.

However, the company said that its construction division should witness a firm movement for the last half of the financial year, thanks mostly to the expected moderation that would characterised the residential sector coupled by the dwindling activities in the non-residential construction segment.

Following the accounting of the firm's significant items, CSR said that its earning before interest and tax (EBIT) from ongoing operations shrunk by 41 percent to $70.5 million though the numbers did not cover the company's Sucrogen and Rockwool Group businesses, which are both being offered in the market.

The mixed results so far prompted the company to focus on the expected recover of its Viridian operations and ascertain at the same time that "its other businesses continue to respond to market conditions."

Also, CSR is upbeat that better earnings would be realised by March 31 next year, with considerable contributions expected to be delivered by its Building Products business divisions.

The company's Bradford Insulation operation though is projected to return a negative year-on-year return due largely to the termination of the ceiling insulation rebate scheme.

CSR said that factoring earnings from all its business operations, including profits from the company's property transactions which are wholly dependent on specific deals, projected EBIT for fiscal 2011 should hover around the range of $20 million to $25 million.