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January 30, 2002

SWEDEN: Clothing Retailer JC Trims Profit Forecast

Leading Swedish clothing retailer JC has cut its 2001 pre-tax profit forecast to 4.1 million euros ($3.6m) amid weak fourth quarter sales. The company said Tuesday it had previously expected its pre-tax profit for last year to match or better its results for 2000, when the popular retailer posted a pre-tax profit 4.8m euros ($4.2m).

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