Comment 

Profits defy recession

Chris Dillow

Chris Dillow
Profits defy recession

UK companies have in general coped well in the recession, according to official figures. The Office for National Statistics estimated this week that non-oil, non-financial companies had a net return on capital of 11.4 per cent in the third quarter. This is below 2007's 13.9 per cent peak, but it compares well with 9.6 per cent in the trough of the recession, and is a higher rate than companies had during the mild slowdown of 2001-02*.

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