Thursday, January 26, 2012

Gloomy earnings outlook as economy slows

Straits Times: Wed, Jan 25
ANALYSTS expect lacklustre numbers from companies this reporting season, with many tipping that the slowing economy will have an impact on bottom lines.

Profit increases could be less common than a year ago, and what rises there are will be muted at best, according to forecasts.

Sias Research chief executive Roger Tan told The Straits Times: 'We expect fourth- quarter earnings to be unexciting, with a subdued growth rate, probably with a growth of around 5 per cent year-on-year...

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