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

ALN

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 $59.9 million, from $53.3 million the year before. Revenue, however rose by 15% year-on-year to $388.8 million from $338.6 million.

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

12-month change: down 99.8%

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