Profits soar as wages, investment flounder

By Marty Silk
(Australian Associated Press)

Company profits soared in the December quarter but the gain was at the expense of wage and investment growth, signalling a patchy economic outlook, economists say.

Gross profits soared 20.1 per cent or $13 billion in the quarter, led by a 49 per cent or $8.9 billion leap in mining profits, according to data released by