Boral shares leap on outlook

Shares in group surge to an almost 3-year high on first-half earnings.

Boral (BLD) has widened its first-half net loss as the cost of its yet to be completed joint venture with USG weighed on the group's results.

Investors responded well to the first-half report. At 1035 AEDT, Boral shares were 5.2% higher at $5.26, against a benchmark index lift of 0.49%. In earlier trade, Boral shares hit as high as $5.33, their highest point since reaching $5.42 on March 9, 2011.

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