94 of 233 South Korean Listed Companies Downwardly Revised Q2 Operating Profit Forecasts

According to F&Guide, on July 19, 94 of 233 South Korean listed companies with coverage from three or more brokers downwardly revised their Q2 operating profit forecasts in the past three months. The earnings downgrades were driven by prolonged Middle East tensions and surging international energy prices, which have elevated inflation pressures on corporate profitability.
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