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Financial Highlights

  • Lamprell has delivered double digit revenue growth consistently over this decade from $25.3 million in 2000 to $740.8 million in 2008.
  • Group revenue has grown over 29 fold from 2000 to 2007.
  • Net profits have grown from $2.1 million in 2000 to $95.5 million in 2007, a 45 fold increase.
  • Lamprell currently pays no corporation tax.
  • Lamprell is a strong generator of cash flow and throughout its history has remained debt free.
  • At 31 December 2008 the Group had in excess of $98 million of cash.
  • Lamprell has grown organically since inception - and today it is the leading refurbishment contractor by number of jackup rigs in the Arabian Gulf.

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