Company profits and wages improved during the June quarter, Australian Bureau of Statistics figures show.
Australian companies raked in more profit than expected in the June quarter and wages went up in most industries.
Company gross operating profits rose two per cent in the quarter and are up 11.4 per cent from a year ago, according to seasonally adjusted figures from the Australian Bureau of Statistics.
Economists had expected profits would rise by a more modest 1.3 per cent.
The financial services industry experienced the biggest spike in gross operating profits in the quarter, with a 13.3 per cent rise.
But it was profits in the mining sector, which were up 4.4 per cent, that largely contributed to Australia's overall rise across the three months.
Estimated growth in wages and salaries was 1.2 per cent for the quarter and 4.5 per cent for the year.
Wages rose in all industries except education and training, where they fell 0.5 per cent, and transport, postal and warehousing, where they were down 0.3 per cent.
