Lamprell released its H1 2016 results last week. These reported revenue of US$451m (versus US$351m in H1 2015), operating profit of US$1.4m (versus US$26.9m in H1 2015) and EPS loss of 1.3c (versus 5.9c profit in H1 2015). The overriding factor in these results was the hit taken from the deal made with Ensco due to the late delivery of the Ensco 140 rig, which caused a US$25m reduction in revenues and a further US$10m increase in costs (Lamprell is in the process of trying to recover this fro
28 Sep 2016
H1 2016 results follow up
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H1 2016 results follow up
- Published:
28 Sep 2016 -
Author:
Daniel Slater -
Pages:
3
Lamprell released its H1 2016 results last week. These reported revenue of US$451m (versus US$351m in H1 2015), operating profit of US$1.4m (versus US$26.9m in H1 2015) and EPS loss of 1.3c (versus 5.9c profit in H1 2015). The overriding factor in these results was the hit taken from the deal made with Ensco due to the late delivery of the Ensco 140 rig, which caused a US$25m reduction in revenues and a further US$10m increase in costs (Lamprell is in the process of trying to recover this fro