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IN BRIEF: Lamprell shares drop further as trading in London restored

Fri, 12th Aug 2022 11:59

Lamprell PLC - United Arab Emirates-based provider of oil field services - UK Financial Conduct Authority restores trading of its shares on London Stock Exchange.

At the start of July, Lamprell shares were suspended as it was unable to publish its 2021 results before the end of June.

Last week, the company said that in 2021 its pretax loss widened to USD59.9 million, from USD53.3 million the year before. Revenue, however rose by 15% year-on-year to USD388.8 million from USD338.6 million.

Current stock price: 8.17 pence, down 6.1% on Friday

12-month change: down 99.8%

By Sophie Rose; sophierose@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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