Australian firms' gross operating profit up 1.7 percent


(MENAFN) Gross operating profit by Australian firm increased 1.7 percent in the last quarter of 2013, Xinhua reported



The Australian Bureau of Statistics (ABS) said that the results in the period are nearly in line with forecasts of 2 percent



Economists say that the data show that the mining and resources sector still has a lage role in pushing economic growth in Australia



A JP Morgan economist said: "When you look at the profits data it is still quite reliant on the resource sector.


MENAFN

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.