Cairn India fiscal Q1 net jumps on prices, output

摘要

Singapore-Cairn India, a subsidiary of UKbased Cairn Energy, said July 27 its net profit in the April-June quarter rose sixfold to Rupees 2.8 billion ($60 million) from Rupees 454 million in the same 2009 quarter, led by higher oil and gas prices and a ramp-up in output at its onshore oil block in Rajasthan. Revenue grew 310% year on year to Rupees 8.41 billion in the first quarter of fiscal 2010-11 (April-March), Cairn said.