LONDON (Thomson Financial) - Lamprell Plc. said it expects its first-half
results to be in line with the board's expectations, and it is confident of
continued growth and further shareholder value in the second half and beyond.
The oil services group, based in the United Arab Emirates, said order book
at June 30 was about $890 million, up from $550 million at April 30.
Lamprell also said it has won a contract worth $28.7 million from Saipem
S.p.A. to construct two process modules for the Livorno Floating Storage
Regasification Unit. The modules are scheduled to be delivered in 2010.
"The company has embarked on its next phase of organic growth, with the
opening of a new rig upgrade facility in Thailand where we expect to deliver
revenues from the fourth quarter of 2008 onwards," Chief Executive Peter
Whitbread said.
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