[polygamous_bat]

> In dollar terms its profits have gone up but as a percentage they haven't.

Citation required.

[dageshi]

I can't say whether that's actually happening or not, all I can say is it's a reasonable explanation as to why profits would be going up for many companies.

[dools]

The article we are discussing cites:

On Thursday Qantas posted $1.4b half-year profits, tripling revenues

On Wednesday Woolworths posted a 25% rise in profits. Supermarket profits have soared on the strength of rapid food price inflation.

On Tuesday Coles net profit grew 11% in the latest half-year result announced Monday, beating forecasts.

On Wednesday Santos posted a 221% annual profit

Ampol, Australia’s largest oil refiner, reported a 30% increase in first-half net profit, buoyed by soaring petrol prices.

Commonwealth Bank posted a record $5.1b billion profit, up 9%, buoyed by extra interest income from rising interest rates

In every case the increase in profits exceeds inflation, so the increase in profits is definitely not simply a case of percentages remaining the same.