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InterOil profit down on exploration costs

INTEROIL has posted a net profit of $US7.8 million ($A8.65 million) for the quarter ended June 30, 2010, down $US1.8 million from the previous corresponding period.

InterOil profit down on exploration costs

The company said this was due to a $US8.3 million net loss in the upstream and midstream liquefaction development segments from higher exploration expenses. Earnings before interest, taxes, depreciation...

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