Lamprell revenues double on high oil price

The oil and gas-focused engineering firm Lamprell says revenues doubled in 2011 as a record oil price boosted demand.

The oil and gas-focused engineering firm Lamprell says revenues doubled in 2011 as a record oil price boosted demand.

Revenues for the year came in at $1,148m, a rise of 127.8% on 2010 and significantly above market expectations of $907m.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.