Queensland business downcast amid strong earnings

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Queensland business downcast amid strong earnings
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Queensland businesses are less confident about the next 12 months despite enjoying solid sales and revenue.

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Some 42 per cent of businesses say sales and revenue rose in the June quarter, according to the Chamber of Commerce and Industry of Queensland .

The CCIQ’s Cherie Josephson says half of the businesses surveyed reported a fall in profitability over the quarter. Ms Josephson said rising inflation, interest rates, energy costs as well as supply chain disruptions had dented sentiment.

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