Today: October 08, 2024
Today: October 08, 2024

Australian corporate profits' decline to accelerate this year, says UBS

FILE PHOTO: Commuters arrive to the Central Business District at the morning rush hour in Sydney
July 30, 2024
Reuters

(Reuters) - Australian companies will likely post a steeper drop in profit this year than they did last year, as they struggle to match the 'abnormally high' earnings since the COVID-19 pandemic, UBS said on Tuesday.

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