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 -6.9%, from 2.0% in the prior quarter whose figure was revised down from 3.1%.
Analysts had expected Australian CGOP to fall to -1.8% in the last quarter.
In a report, Australian Bureau of Statistics said that Australian CGOP fell to a seasonally adjusted -6.9%, from 2.0% in the prior quarter whose figure was revised down from 3.1%.
Analysts had expected Australian CGOP to fall to -1.8% in the last quarter.