Lamprell once again issues profit warning
Shares in energy markets-focused engineer Lamprell plunged over 30 per cent on Thursday after it announced that as a result of additional costs arising from the delayed deliveries of the Windcarrier 1 and 2 projects, the loss at the half year is expected to be around 45m dollars.
Shares in energy markets-focused engineer Lamprell plunged over 30 per cent on Thursday after it announced that as a result of additional costs arising from the delayed deliveries of the Windcarrier 1 and 2 projects, the loss at the half year is expected to be around 45m dollars.
In addition, an extension to the timeframe for achieving direct overhead and corporate cost savings that were previously anticipated will affect the full year result. Revenue for 2012 is still anticipated to be around $1.1bn, however, the company now anticipates a loss for the year in the range of $12m to $17m.
Try 6 free issues of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
Sign up for MoneyWeek’s free twice-daily newsletter.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
