There are three days left in the profit-reporting season. CommSec has assessed the results of 114 companies from the ASX 200 index that have reported full-year results to June 2012 and 31 ASX 200 companies that have reported half year (HY) results (results for the six months to June).
Results are up to and including August 28.
It was being billed as a horror. In the end there were a few scares but the profit reporting season failed to live up to some of the doom and gloom predictions. Perhaps that is because companies under promised and over delivered. Perhaps it reflects the depressive sentiment of the environment that isn’t lining up against the reality.
But overall companies are still reporting profits, although they are understandably lower than a year ago.
To read the report, click here.
