News Column

Lamprell profits nearly tripled

August 29, 2014

Lamprell profits nearly tripled ? London-listed, Dubai-based oil rig maker Lamprell saw its profits nearly triple in the first half of the year, as it completed four significant projects ahead of budget. The rig builder, which was founded in 1976 and which has approximately 10,000 employees, saw its operating profit rise to $53.4m (32.2m) in the first six months to 30 June, compared to $19.2m over the same period last year. Revenue rose 25 per cent to $632.3m.

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Source: City A.M. (UK)

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