It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Qantas, BHP Billiton and David Jones have all suffered under the deepening global financial crisis, experiencing major slumps in profits and sales.
Australia's national airline Qantas reported a 68.2 percent fall in first half pre-tax profit amidst the global economic downturn and announced a plan to raise millions through a share issue.
The world's largest miner, BHP Billiton also reported a drop, registering a 56.5 percent slump in first-half profit and warned demand for its products was likely to continue falling over the medium term.
Despite the initial $10.4 billion stimulus package boosting consumer spending before and after Christmas, major department store David Jones said its sales were down as it struggles with a difficult economic climate.
First half sales fell 6.5 per cent on the same period last year to 1.06 million dollars.