Investing.com - Gross operating profits of Australian companies fell more-than-expected in the last quarter, official data showed on Thursday.
In a report, Australian Bureau of Statistics said that Australian CGOP fell to a seasonally adjusted -0.8%, from 3.5% in the preceding quarter whose figure was revised up from 3.0%.
Analysts had expected Australian CGOP to fall to 0.7% in the last quarter.
In a report, Australian Bureau of Statistics said that Australian CGOP fell to a seasonally adjusted -0.8%, from 3.5% in the preceding quarter whose figure was revised up from 3.0%.
Analysts had expected Australian CGOP to fall to 0.7% in the last quarter.