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Saturday, December 2, 2023
HomeNewsEconomyCorporate Profits Gain $105.8B in Q2 2019

Corporate Profits Gain $105.8B in Q2 2019

Pedestrians walk through the Canary Wharf financial district of London January 16, 2009. (Photo: Reuters)

Corporate profits increased $105.8 billion in the second quarter (Q2) 2019 after decreasing $78.7 billion in Q1 2019.

Profits of domestic financial corporations gained $4.0 billion in Q2, following an increase of $22.2 billion in Q1. Profits of domestic nonfinancial corporations reversed course this quarter, gaining $43.5 billion after decreasing $108.2 billion in Q1.

Rest-of-the-world profits rose $58.3 billion in Q2 juxtaposed to an increase of $7.3 billion in Q1. In Q2, receipts rose $39.9 billion and payments fell $18.5 billion.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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