Company gross operating profits fell 6.9 per cent in the June quarter, official figures show.

Gross operating profits in current prices and seasonally adjusted terms were up 0.8 per cent in the 12 months to June 2014, the Australian Bureau of Statistics (ABS) said on Monday.

Economists were expecting that company profits would fall 3.0 per cent in the June quarter.

Estimated business inventories, in seasonally adjusted chain volume terms, rose 0.8 per cent in the June quarter.

The estimate of income from sales by manufacturers during the quarter, in seasonally adjusted chain volume measures, was up 0.5 per cent.

Estimated income from sales by wholesalers in the quarter, in adjusted chain volume measures, was up 1.2 per cent.

AAP