Cairn India Ltd has announced the following unaudited results for the quarter ended December 31, 2008:
The company has posted a net profit of Rs 45.12 crore for the quarter ended December 31, 2008 as compared to net loss of Rs (54.31) crore for the quarter ended December 31, 2007. Total income has increased from Rs 4.57 crore for the quarter ended December 31, 2007 to Rs 75.64 crore for the quarter ended December 31, 2008. The consolidated results for the quarter ended December 31, 2008 The group has posted a net profit of Rs 236.42 crore for the quarter ended December 31, 2008 as compared to net loss of Rs 13.91 crore for the quarter ended December 31, 2007. Total income has increased from Rs 293.57 crore for the quarter ended December 31, 2007 to Rs 355.92 crore for the quarter ended December 31, 2008. Rahul Dhir, Managing Director and CEO of Cairn India said: "Construction is well underway on both the upstream development and the crude oil pipeline with approximately 10,000 people involved in the delivery of the Rajasthan project. We expect to commence production in Q3 2009 and the company is adequately funded to meet this target. "Our successful exploration efforts highlight the additional potential in the Barmer Basin. We are pleased that the Government of India has approved an additional development area of more than 800 square kilometres in Rajasthan." --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
