ASX carrying $200b of zero-profit market cap

Original article by Vesna Poljak
The Australian Financial Review – Page: 29 : 23-Nov-21

Research by MST Marquee shows that 48 companies in the S&P/ASX 300 currently do not make a profit. This compares with an average of 37 over the last two decades. The 48 unprofitable companies have a combined market capitalisation of about $200bn. Hasan Tevfik of MST suggests that central banks are a major cause of the rise in profitless companies, with ultra-low interest rates prompting an increase in speculative investment.

CORPORATES
MST MARQUEE, STANDARD AND POOR’S ASX 300 INDEX

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