Business
3 ASX 200 shares that doubled profits this reporting season
February reporting season was an opportunity for S&P/ASX 200 Index (ASX: XJO) shares to demonstrate that the economic effects of COVID-19 are largely behind us and business is starting to get back on track.
Earlier this week, Commsec advised in its Economics Insights report that 86% of companies were able to report a statutory profit for the six months to December 2020, but that aggregate interim earnings fell by 17%.
Despite the broader earnings weakness for ASX 200 shares, here are three that managed a significant turnaround in net profits.
ARB Corporation Limited (ASX: ARB)
ARB is Australia’s largest manufacturer and distributor of…
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