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UPDATE 2-Hunting cautious on shrinking gas extraction market

* Pretax profit jumps 55 percent in 2012 * Hunting sees slow start to 2013, improving in H2 * Expects more competition stemming from weak gas price * Plans final 2012 dividend of 14.0 pence By Alice Baghdjian LONDON, March 7 (Reuters) - British oil services firm Hunting reported a jump in 2012 profits but gave a cautious outlook for 2013, saying low prices were discouraging drilling for gas in the United States, shrinking the market for extraction services.
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