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Brokerages Sharply Cut Q3 Earnings Outlook for Major Listed Firms

Brokerages Sharply Cut Q3 Earnings Outlook for Major Listed Firms

SEOUL, Oct. 20 (Korea Bizwire) — South Korean brokerage houses have sharply lowered their third-quarter earnings outlook for major listed firms amid rising inflation and other negatives, a market tracker said Wednesday. The combined net profit forecast for 168 major listed firms came to 29.7 trillion won (US$25.2 billion) for the July-September period as of [...]