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Just Group Forecasts Bearish Profit Margins

Wed, 02/07/2008 - 22:29

Australia's largest speciality clothing retailer announced a slash in its expected profit margins for the next year. Just Group Ltd. (JST) projected earnings per share to fall between 29.2 cents and 30.6 cents in the financial year ending July 31. This was a 12 percent cut in its 2008 forecast when it had projected bullish earnings last month itself.

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