Lamprell has said it expects its full-year revenue to be slightly below analysts’ estimates after being hit by a deduction of $25million from its final payment made by Ensco caused by late delivery of a rig.
The company has predicted its revenue for next year will be in the range of between $400million to $500million.
The oil-rig builder runs three yards in the United Arab Emirates.
It said revenue rose 28,% to $451.3million for the six month ended June 30th.