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Australian Company Profit Slump Hit To GDP Outlook Offset By Rising Wages

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 30, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The Bureau of Statistics business indicators data for the March quarter, showed a mixed outcome. The bad news was an unexpected slump in gross operating profits at Australian firms. After seasonal adjustments, profits dropped by 4.7% to $59.295 billion between January to March compared to the prior quarter, a figure[​IMG]

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