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1.Market Observations

21 Feb 2014 (AFR) – Earnings trigger profit upgrades

(21 Feb 2014, AFR, p1, Sally Rose, Bianca Hartge-Hazelman, Vesna Poljak and Simon Evans)

‘Deep cost-cutting, low bad debts and embryonic signs that construction is rebounding have triggered modest profit upgrades for the sharemarket. At the start of profit reporting season several weeks ago, analysts expected earnings to grow about 13 per cent this financial year. After this week’s mostly better than expected results, that figure rose to 15.6 per cent.’

Read more at AFR.com (might need AFR login access)

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