1301.0 - Year Book Australia, 2002
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 25/01/2002
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Profits before income tax earned by incorporated manufacturing businesses rose by 15% between 1998-99 and 1999-2000, following a fall of 6% from 1997-98 to 1998-99 (table 19.17). Profits rose between 1998-99 and 1999-2000 in seven of the nine manufacturing subdivisions; by far the largest increase was recorded in Metal product manufacturing (of $893m, or 96%) which recorded 1999-2000 profit levels similar to those of 1997-98. Profits in the relatively small Other manufacturing industry more than doubled between 1998-99 and 1999-2000. Large relative rises were also recorded by Textile, clothing, footwear and leather manufacturing (by 52%) and Non-metallic mineral product manufacturing (by 36%).