Housing market recoveries in Australia and the US should help Boral go from strength to strength after the building products maker swung back into the black.

Boral on Wednesday announced a net profit of $173.3 million for 2013/14, compared to its $212 million loss the previous year. Chief executive Mike Kane said Boral’s restructuring efforts and growth in Asia as well as strengthening housing markets in Australia and the US had helped deliver the turnaround. “After…