Cairn Energy Posts Narrower 2012 Pretax Loss

Cairn Energy PLC CRNCY reported a narrower 2012 pretax loss. Cairn Energy posted a 2012 pretax loss of $194.2 million, versus a year-ago loss of $1.19 billion. Its operating loss widened to $247.3 million, from $1.14 million. Its profit after tax came in at $72.6 million, versus a year-ago loss of $1.19 million. Its diluted EPS came in at 11.12 cents versus 330.58 cents. Cairn Energy shares closed at $8.78 yesterday.