Talisman Energy second-quarter profit falls 51 pct

Wed Jul 31, 2013 5:26am EDT
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July 31 (Reuters) - Talisman Energy Inc, the Canadian oil and gas company that is selling assets and refocusing its operations to deal with low natural gas prices, said its second-quarter profit fell 51 percent.

The company's net income was $97 million, or 9 cents per share, down from $196 million, or 19 cents, in the second quarter of 2012.

Excluding unusual items, the company said it posted a loss of $27 million, or 3 cents a share, down from $71 million, or 7 cents per share, a year ago. The result lagged the average analyst forecast for the measure of break-even a share, according to Thomson Reuters I/B/E/S.