Small caps round-up: IFG, Lamprell, Ocean Wilsons

Irish finance group IFG expects full year 2009 earnings to hit market expectations of 18-20c adjusted earnings per share.The international and UK businesses continue to perform well despite challenging trading conditions. Trading conditions are extremely difficult in Ireland, which now accounts for less than 5% of profits. Oil services specialist Lamprell's trading to May has been broadly in line with management expectations although the rig refurbishment market is under pressure. The group's order book at the end of April was approximately $487m, comprising approximately $426m from EPC projects.Brazil-based tug boat fleet operator Ocean Wilsons' revenues for the three months to March were US$103.6m, down 14.5% on the comparative period in 2008 (US$121.2m). Revenue decreased due to the unfavourable market conditions with volumes declining sharply in the port terminals and towage businesses, lower shipyard revenue and an adverse foreign exchange impact on Brazilian Real denominated revenues.