RESEARCH ALERT-Salomon cuts Futurisprofit

Newswire

MELBOURNE, June 28 (Reuters) - Salomon Smith Barney has cut its 2002/03 net profit estimate for agricultural services company and car component manufacturer Futuris Corp Ltd by eight percent, the investment bank said in a research report. Salomon said it had lowered its profit estimate to A$78 million as it expected the company's rural services Elders business to be affected by the weak beef and wool markets. The Australian Bureau of Agricultural and Resource Economics (ABARE) quarterly ...

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