Investing.com - Gross operating profits of Australian companies fell more-than-expected in the last quarter, official data showed on Monday.
In a report, Australian Bureau of Statistics said that Australian CGOP fell to a seasonally adjusted -2.9%, from -0.3% in the preceding quarter whose figure was revised up from -0.7%.
Analysts had expected Australian CGOP to fall to -2.5% in the last quarter.
In a report, Australian Bureau of Statistics said that Australian CGOP fell to a seasonally adjusted -2.9%, from -0.3% in the preceding quarter whose figure was revised up from -0.7%.
Analysts had expected Australian CGOP to fall to -2.5% in the last quarter.