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1.Market Observations

23 July 2012 (The Age) – Weary investors braced for gloomy profits season

(23 July 2012, The Age, BusinessDay, p3, Gareth Hutchens)

‘SHAREHOLDERS are braced for a poor profit reporting season this year after one of the worst 12 months for Australian companies since the global financial crisis.’

‘Deteriorating business conditions, including hefty retrenchments, weak consumer sentiment, household deleveraging and a high dollar are among the reasons why analysts warn full-year profits are likely to be worse than expected.’



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