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Rig maker Lamprell expects 2015 revenue below current view

Reuters - UK Focus

Jan 12 (Reuters) - British rig maker Lamprell Plc (LSE: LAM.L - news) said revenue for 2015 would be about 10 percent below current expectations as the slump in oil prices hurts its ability to secure new business.

"While short-term tendering activity will continue at a pace required to meet current demand, our ability to carry on winning new business is contingent on the state of the broader industry," the company said in a statement.

Lamprell said its financial performance for the year would be heavily weighted toward the second half. (Reporting by Abhiram Nandakumar in Bengaluru; Editing by Gopakumar Warrier)