Boral Limited
(ASX:BLD) expects its US business to return to profitability in the next year as the building industry recovers.
Chief executive Mike Kane told media the US housing sector has improved significantly since the global financial crisis, but there is still a long way to go.
Mr Kane says two of Boral's US businesses had become profitable, and others were close to breaking even.
Locally, Boral's operations have now seen the bottom of the construction activity cycle, despite continuing weakness in Victoria and South Australia.
Boral booked a net loss of $205.7 million in fiscal 2013.
