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Article: BUSINESS IN ASIA TODAY - JULY 14, 2009.
- Article from:
- AsiaPulse News
- Article date:
- July 14, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business in Asia on July 14, 2009.
A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:
AUSTRALIA'S COCHLEAR LOWERS EARNINGS GUIDANCE ON FOREX RATES
SYDNEY - Australian hearing implant maker, Cochlear Ltd (ASX:COH), has lowered its annual earnings guidance due to lower foreign exchange rates. The company said on Tuesday it now expects net profit after tax in fiscal 2009 to grow 13 per cent to A$130.5 million (US$102.18 million), while core earnings were expected to rise 12 per cent to A$137.7 million. In February, Cochlear said it expected ...