Australia Corporate Profits Rise the Most in 2 Years

Corporate profits in Australia expanded by 5.9% qoq in Q4 of 2024, surpassing market estimates of a 1.5% growth and after an upwardly revised 4.9% fall in Q3.

It was the first increase in corporate profits in a year and the strongest growth since Q4 of 2022.

Through the year to December, corporate profits fell 6.2%, the 7th straight quarter of decline, following a downwardly revised 7.7% drop in the prior period.