Boral tips profit hike
A BOOMING property market is expected to help boost building products maker Boral’s underlying annual profit by up to 46 per cent. Boral expects to achieve a net profit before significant items of $ 240$ 250 million in the year to June 30, up from $ 171 million in 2014/ 15. “This result is underpinned by a number of factors including strong earnings in June and higher- thanexpected property sales,” Boral said. Shares in Boral rose nine cents, or 1.4 per cent, to $ 6.45. In the first half of the 2014/ 15 financial year, Boral’s net profit of $ 104.5 million included a net negative impact of $ 7 million from significant items.