Business Services Industry
Expect positives from profit-reporting alerts.
Australasian Business Intelligence, August, 2003
Aug 10, 2003 (The Sun-Herald - ABIX via COMTEX)
Australian accounting firm Ernst & Young has predicted a 33 decrease in profit downgrades for 2003. A survey by Dun & Bradstreet indicates that 156 out of 400 companies surveyed predict profit increases for the final calendar quarter of 2003, and a reduction in the number expecting profits to fall. However the number of companies reporting forward investment in plant and equipment has decreased by 56, indicating a future drop in business investment. This could produce economic difficulties if the housing boom fades.
Publication Date: 10 August 2003
DUN AND BRADSTREET (AUSTRALIA) PTY
LTD:
ERNST AND YOUNG
By David Potts
All copyright subsisting under the...
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