Yowza …. I guess if you can hold wage costs down (Aussie wage growth is very slow indeed) the bottom line will get a boost
Profits blow out above expectations …. Q1 gross company profits at +5.9% q/q
- expected +3.0%, prior +2.2% q/q
More detail:
- Q1 wages up 0.8% q/q, up 5% y/y (this reflecting growth in job numbers - i.e. employment growth - and not so much as wage rises)
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