Thursday, 13 January 2011

UK Companies Profits Up By 11.9%

The net rate of return (NNR) of UK companies increased to 11.9% in the third quarter of 2010 according to a news release from the ONS. The revised estimate for Q2 was 11.6%. The annual NNR for 2009 was 11.3%.

Manufacturing companies NNR for Q3 was 8.7% compared with 7.5% previous quarter, services NNR was 13.9% compared with 14.7%, the lowest figure since 1993, and the NNR for non-UKCS companies was 10.6%. UK continental shelf companies NNR was 44.8% compared with 39% for the previous quarter. (UKCS companies NNR figures are not directly comparable due to the nature of capital assets involved).

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