31.   Tight monetary policy also is creating concern that economic growth will slow sharply next year, depressing company profits.

32.   Deutsche Telekom said net profits were depressed by licensing costs and by accounting adjustments related to acquisitions of the U.S. Voicestream telecommunications firm.

33.   Deutsche Telekom said net profits were depressed by licensing costs and by accounting adjustments related to its acquisition of U.S. telecoms firm Voicestream.

34.   Mr Cheung expected property transaction volumes to plummet this year, which would further depress profits.

35.   Net profit was depressed by higher corporate taxes, the company said.

36.   The company warned in January that the weakened U.S. economy could depress its profits throughout this year.

37.   The brokerage is pinching pennies to offset a business downturn that has depressed its profits for the first time in three years.

38.   Traders in Tokyo said investors are concerned that weak stocks and corporate earnings in the United States will continue to depress profits for corporate Japan.

39.   This would depress corporate profits, forcing firms to cut more jobs.