Investing.com - Gross operating profits of Australian companies rose less-than-expected in the last quarter, official data showed on Monday.
In a report, Australian Bureau of Statistics said that Australian CGOP rose to a seasonally adjusted -0.7%, from -3.7% in the preceding quarter whose figure was revised up from -4.0%.
Analysts had expected Australian CGOP to rise to 1.0% in the last quarter.
In a report, Australian Bureau of Statistics said that Australian CGOP rose to a seasonally adjusted -0.7%, from -3.7% in the preceding quarter whose figure was revised up from -4.0%.
Analysts had expected Australian CGOP to rise to 1.0% in the last quarter.