BLD has been one of the hot shares since December, rising from around $4.50 to be currently trading around $5.10.
On 9 February, BLD reported a 28% growth in 1H11 net profit to $94 million, driven by a 4% increase in revenue to $2.4 billion.
Core earnings at BLD’s building products division was up 22%, with improvements in operational efficiency and strong market demand offset by the impact of wet weather.
The cement division saw a similar rise in earnings, with a 7% decline in volumes compensated by improved pricing.
Boral said the rebuild of Queensland may have a favourable impact on 2H11 earnings, with the full year result expected to be between $160 million and $175 million.
BLD declared an interim dividend of 7.5 cents, up from 7 cents a year earlier.
BLD shares soared 8.9% on the day of the announcement, making it one of the best performers in the Australian share market.