AUSTRALIA: Analysts don't expect Coles Myer to achieve predicted profit levels
Coles Myer , Australia's second largest supermarket chain, is due to post H1 profits for 2000-2001 on 15 March but analysts do not expect the group to reach its predicted profit levels of A$294.5m. Profit is expected to slide to between A$225m and A$245m. A month ago, Coles Myer slashed its full-year profit expectations to A$400m, because a tax hit of A$30m-50m would be essential to fix the difficulties at Coles Myer's subsidiaries
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