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BRIEF-Lamprell projects bigger loss for 2012
November 19, 2012 / 7:11 AM / 5 years ago

BRIEF-Lamprell projects bigger loss for 2012

LONDON, Nov 19 (Reuters) - Lamprell PLC : * Projected losses for 2012 increase significantly, with a gradual return to

profitability during 2013 * Talks continue to obtain waiver of certain of year-end banking covenants and

reset of applicable covenants in Q1 2013 * Board anticipates a total projected loss for 2012 in the region of US$105

million * Order book is approximately US$1.4 billion * Expects 2013 to be a recovery year, with revenue broadly flat compared to

2012

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