LONDON, Jan 16 (Reuters) - Dubai-based oil rig makerLamprell said on Thursday it expected its 2013performance to be ahead of previous expectations due toimprovements in project execution.
A Thomson Reuters I/B/E/S poll of analysts previouslyforecast full-year pretax profit for Lamprell of $16.4 millionon revenue of $1.1 billion.
Lamprell posted a $105 million loss for 2012 in what itdescribed as the most challenging year in its history, as itexpanded into riskier areas, such as wind turbine vessels, whereoperational difficulties led to a series of profit warnings.
But the company returned to profit this year and the group'sorder book finished 2013 at $0.9 billion with a bidding pipelineof $4.7 billion.