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KOREA'S CORPORATE PERFORMANCE TO SLOW IN H2.
SEOUL, Sept 2 Asia Pulse - Major companies listed on both the main and over-the-counter KOSDAQ stock markets are expected to show a slower pace of growth in sales and operating profits during the second half, according to Daehan Investment Trust Securities Co. Monday.
The second-half sales and operating profits of 255 companies surveyed by Daehan are expected to rise 6.2 per cent and 7.3 per cent, respectively, compared to the first half. During those six months, sales rose 7.7 per cent from a year earlier, and operating profits rose 95.2 per cent.
Earnings will be especially weakened in the IT and electronic parts sectors, due to a delayed IT business recovery, declining profitability of export companies and downward pressure on the prices of parts suppliers, Daehan said.
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Source: HighBeam Research, KOREA'S CORPORATE PERFORMANCE TO SLOW IN H2.