Business
‘Can’t be crying poor’: Business profits support calls for higher super – The New Daily
Company profits have surged on the back of massive stimulus payments, fuelling the campaign for higher superannuation payments.
Company profits have surged on the back of massive government support payments in what some economists have described as vindication of calls for higher superannuation.
Figures released by the Australian Bureau of Statistics on Monday show company profits increased by 3.2 per cent over the September quarter and by 18.6 per cent over the 12 months to September 30.
The strong quarterly result came after a massive 15.8 per cent profit jump in the June quarter.
Economists said the profit surge was largely…
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