MALAYSIAN corporate earnings, after having taken a hit in the second quarter, are expected to turn around in the second half this year in line with the improving economic outlook, analysts said.
Although second-quarter results are not due to be announced till end-August, research houses generally expect the Severe Acute Respiratory Syndrome (SARS) outbreak to take its toll on profits of many companies. However, they expect the picture to brighten in the remaining months of the year, with reported profits in the second half-year substantially better than the first.
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