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A good set of numbers (almost)

Australian company gross operating profits surged by 20.1% in the December quarter following a small 1.5% increase in the preceding quarter. This is the fastest quarterly rate of growth since the 34.7% jump recorded in March 2001 and is significantly higher than market expectations for an 8.0% increase.

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Read more: ABSgross operating profitCapexAustralian Bureau of StatisticsCommsecNAB