Boral expects to achieve a net profit before significant items of $240 million to $250 million in the year to June 30, an improvement on $171 million in 2014/15.

“This result is underpinned by a number of factors including strong earnings in June and higher-than-expected 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…