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Australian CGOP rises more-than-expected

Economic IndicatorsJun 03, 2013 01:30AM GMT Add a Comment

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Investing.com - Gross operating profits of Australian companies rose more-than-expected in the last quarter, official data showed on Thursday.

In a report, Australian Bureau of Statistics said that Australian CGOP rose to a seasonally adjusted 3.0%, from -0.5% in the preceding quarter whose figure was revised up from -1.0%.

Analysts had expected Australian CGOP to rise to 1.5% in the last quarter.

Australian CGOP rises more-than-expected

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