Investing.com - Gross operating profits of Australian companies rose more-than-expected in the last quarter, official data showed on Thursday.
In a report, Australian Bureau of Statistics said that Australian CGOP rose to a seasonally adjusted 3.0%, from -0.5% in the preceding quarter whose figure was revised up from -1.0%.
Analysts had expected Australian CGOP to rise to 1.5% in the last quarter.
In a report, Australian Bureau of Statistics said that Australian CGOP rose to a seasonally adjusted 3.0%, from -0.5% in the preceding quarter whose figure was revised up from -1.0%.
Analysts had expected Australian CGOP to rise to 1.5% in the last quarter.