Cairn Energy PLC (CNE.L) reported that its full year 2012 loss before taxation from continuing operations narrowed to $194.2 million from $1.19 billion last year. Profit after taxation from continuing operations was $72.6 million, compared to a loss of $1.19 billion prior year. Profit to equity holders of the parent was $72.6 million or 11.12 cents per share, compared to $4.10 billion or 330.58 cents per share last year.
The company said the profit after tax for the year reflects foreign exchange gains and other finance income and the net profit after tax on disposal of financial assets. This is offset by the costs of unsuccessful exploration activities and administration costs.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.