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GCC corporate earnings plunge 60.7% in Q2
Combined profit of most GCC-listed companies plummeted 60.7 per cent year-on-year in the second quarter 2020 to $15.7 billion as compared to $39.9 billion in the same 2019 period, reflecting the impact of the Covid-19 lockdown, a study by Kamco Invest has revealed. In terms of quarter-on-quarter performance, earnings of…
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