Australia Company Operating Profit Dips 0.2% In Q4

Gross operating profits for companies in Australia eased a seasonally adjusted 0.2 percent on quarter in the fourth quarter of 2014, the Australian Bureau of Statistics said on Monday. That was well shy of forecasts for an increase of 0.5 percent, which would have been steady from the previous three months. On a yearly basis, profits tumbled 5.9 percent. Wages and salaries added 0.3 percent on quarter and 0.8 percent on year, the bureau said, while inventories dipped 0.8 percent on quarter and 0.5 percent on year.

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