Company Profile For Lamprell Plc

Lamprell plc is a holding company engaged in the provision of specialized refurbishment and construction services to the oil and gas industry. The Company, along with its subsidiaries, is engaged in the upgrade and refurbishment of offshore jackup rigs, fabrication, assembly and new build construction for the offshore oil and gas sector, including jackup rigs, floating, production, storage and offloading and other offshore and onshore structures, oilfield engineering services, including the upgrade and refurbishment of land rigs. Its subsidiaries include Lamprell Energy Limited, Maritime Offshore Limited, Maritime Offshore Construction Limited, International Inspection Services Limited, Cleopatra Barges Limited, Lamprell plc employee benefit trust and Jebel Ali Investments Limited.

BRIEF: For the fiscal year ended 31 December 2008, Lamprell Plc's revenues rose 59% to $740.8M. Net income rose 19% to $85.5M. Revenues reflects an increase in revenue from the company's operating activities. Net income was partially offset by an increase inmaterials & related costs, higher sub-contract costs, an increase in staff costs, higher depreciation expenses, an increase in advertisement expenses and higher general & administrative expenses.