Company profits slide in June qtr

By Mitchell Neems

According to the Australian Bureau of Statistics, company profits lost 6. 9 per cent in the quarter, seasonally adjusted, compared with a 3. 1 per cent rise in the March quarter.

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website.

Company gross operating profits fell dramatically in the June quarter, coming in well below analyst expectations, official data shows.

Read more here: Business Spectator

    

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