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Company profits are sinking despite inflation remaining high, Australian Bureau of Statistics data shows

Pelican Press

By Pelican Press,
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Company profits are sinking despite inflation remaining high, *********** Bureau of Statistics data shows

Company profits have fallen in the past three months, another major dent in claims corporate greed is driving Australia’s outbreak of inflation.

Profits dropped 5.3 per cent in the June quarter according to the *********** Bureau of Statistics — the fourth fall in the past five periods.



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#Company #profits #sinking #inflation #remaining #high #*********** #Bureau #Statistics #data #shows

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