While workers' pay packets are growing at the fastest pace in a decade, profits are still rising even faster, according to official data.
The Bureau of Statistics releases data on the size of corporate profits and workers' compensation each quarter.
Its latest figures, for the December quarter, show company gross operating profits rose 10.6 per cent, seasonally adjusted, over the final three months of last year.
Investment firm JP Morgan described it as a "significantly stronger" number than it was expecting.
Read More: https://www.abc.net.au/news/2023-02-27/wages-rise-but-profits-boom-abs-december-2022/102028990
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