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Weak economy triggers broad-based earnings cut, says CLSA report

Updated : August 19, 2019 08:42 AM IST

The first quarter pre-existing (pre-ex) earnings were flat and failed to live up to the expected 8 percent growth, with financial earnings being a key disappointment, global brokerage firm CLSA has said in a report.
The brokerage also said that the positives were few given the slowing economy.
Weak economy triggers broad-based earnings cut, says CLSA report

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