AUSTRALIA
From Times Staff and Wire Reports
Corporate Profits Off for June, Up for Year: Australian corporate profits fell a seasonally adjusted 2% in the June quarter but gained 33.6% on the year, the Bureau of Statistics reported. The bureau’s trend line, which smooths out volatile factors in the data, rose for the eighth consecutive quarter, gaining 3%. Economists had predicted a gain of between 4% and 10% in June quarter corporate profits, but they were unperturbed by Friday’s results.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
