Cairn India Profit Falls 70% as Crude Slumps to 6-Year Low

  • Co. sells oil at average of $43.7 a barrel vs $92.1 year ago
  • Cairn quarterly sales fall 44 Percent to 22.4 billion rupees

Cairn India Ltd., a crude oil producer owned by billionaire Anil Agarwal, posted a 70 percent decline in second-quarter profit as oil prices slumped to their lowest level in six years in the period.

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