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 1.0%, from 6.5% in the preceding quarter whose figure was revised down from 6.9%.
Analysts had expected Australian CGOP to fall to 3.0% in the last quarter.
In a report, Australian Bureau of Statistics said that Australian CGOP fell to a seasonally adjusted 1.0%, from 6.5% in the preceding quarter whose figure was revised down from 6.9%.
Analysts had expected Australian CGOP to fall to 3.0% in the last quarter.