Corporate profits in Australia rose by 1.7 percent to a new all-time high of AUD 93.03 billion in the first quarter of 2019, after an upwardly revised 2.8 percent gain in the prior quarter but missing market consensus of a 3 percent growth. It was the weakest rise in corporate profits in three quarters. By industry, profit growth slowed for mining (5.2 percent vs 6 percent in Q4); electricity, gas, water & waste services (1.8 pct vs 6 pct); and transport, postal, warehousing (3.8 pct vs 10.5 pct). In addition, profits fell for construction (-7.5 pct vs 5.1 pct) and accommodation & food services (-3.8 pct vs 10.6 pct). Also, profit declined further for rental, hiring and real estate (-10 pct vs -0.2 pct). Meantime, profits of wholesale trade (2.8 pct vs -1.4) and those of administrative and support services rebounded (13.6 pct vs -11.3 pct), while those of other services were flat (vs 1.8 pct in Q4). Corporate Profits in Australia averaged 45383.82 AUD Million from 1994 until 2019, reaching an all time high of 93026 AUD Million in the first quarter of 2019 and a record low of 12032 AUD Million in the first quarter of 1995.