You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

28 Feb 2017 (AFR) – Business profits shatter expectations, inventories hold ground

(28 February 2017, AFR, p3, by Jacob Greber)

‘A blockbuster $13 billion surge in business profits last quarter – the biggest jump since 2001 – has stoked speculation of a turnaround in economic growth and spurred hopes of fresh windfalls for shareholders and the federal government’s tax collectors. Companies reported a 20.1 per cent rise in profits from the third quarter, much of it because of galloping iron ore and coal prices but also because of a surge in earnings outside of resources, which rose 8.7 per cent, Australian Bureau of Statistics data showed on Monday.’

Read more at (might need AFR login access, or try:


About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: