Cairn posted a loss of $555.9 millionfor the 12 months to 31 December, sliding from 2012's $72.6 millionprofit.
Dragging down the company's results wasa $268 million impairment related to Cairn India, which it sold themajority of to VerdantaResources for $6.5 billion three years ago to focus its on upstream operations inareas including Greenland.
The company had planned to divest itsremaining interest in Cairn India, which wasvalued at $1 billion as of 31 December, but has been forced to holdon to its shares amid an investigation by Indian authorities over thesale to Verdanta.
It
