Company Operating Profits it’s a second tier indicator but it is worth taking it into account because when major changes are appearing in an economy, then the first signal tends to be seen in the profits companies report. Therefore, one is having a competitive advantage when looking at this indicator as it offers an earlier look at the health of the overall economy.
It shows the change in the total values of profits showed by corporations.
- The most important things to take into consideration when looking at the Company Operating Profits in Australia are:
- release date: quarterly, about 60 days after the quarter ends;
- release time: 01:30 GMT during the Asian session;
- second tier data;
- low levels of volatility expected.