Downward revisions in corporate pretax profits may lead the Finance Ministry once again to lower its projected tax revenues, according to the results of a ministry survey released Wednesday.
“The downward trend has been accelerating since the summer. It’s a severe figure,” a ministry official said in reference to the November data. The survey shows pretax profits in all industries plunging 18.8 percent in the year to March 31 as compared with fiscal 2000.
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