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Australia Q4 gross company profits fall 0.2% quarter on quarter

[SYDNEY] Australian company gross operating profits for the fourth quarter, released by the Australian Bureau of Statistics on Monday.

The bureau said company profits before income tax fell 9.6 per cent in the quarter compared with the previous quarter.

Forecasts centred on a rise of 0.3 per cent for company gross operating profits in the quarter, a Reuters poll showed.