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.
Company gross operating profits fell dramatically in the June quarter, coming in well below analyst expectations, official data shows.
Read more here: Business Spectator