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Major firms forecast to suffer profit loss in third quarter

Published: 2011-10-26 07:00:00
Updated: 2011-10-26 07:00:00
Major Korean pharmaceutical companies are likely to see their third-quarter operating profit worsen, buffeted by tough regulation and their difficulty in reducing promotional expenses, analysts said recently.

According to analysts, Green Cross is expected to post its third quarter earnings with higher revenue by 25 percent from a year earlier and operating profit by 7.3 percent.

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