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 -1.50%, from 18.90% in the preceding quarter.
Analysts had expected Australian CGOP to fall to 4.30% in the last quarter.
In a report, Australian Bureau of Statistics said that Australian CGOP fell to a seasonally adjusted -1.50%, from 18.90% in the preceding quarter.
Analysts had expected Australian CGOP to fall to 4.30% in the last quarter.