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Cairn Plc's H1 CY08 PAT at $375.3 m

Published on Tue, Aug 26, 2008 at 13:05 |  Source : CNBC-TV18

Updated at Tue, Aug 26, 2008 at 15:56  

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Cairn Plc 's H1CY 08 PAT (profit after tax) has come in at USD 375.3 million, reports CNBC-TV18. This includes USD 358.7 million gain from 4% stake sale in Cairn India. Cairn India has submitted its revised Field Development Plan to the Operating Committee. The company sees 30% increase in the expected recovery from Mangala Fields. Also, it sees Plateau Production Rate to be up by 25% at 125,000 bpd.

  

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