"Lamprell, the UAE oilrig maker, held its annual investor meeting in Dubai's swanky Rolex Tower yesterday as it aims to turns itself around from a year of four profit warnings.
The company, which is listed in London, met at the offices of Clyde & Co on a UK bank holiday. Yesterday was Lamprell's first meeting with investors since it was fined by the British regulator for not advising investors soon enough of potential profit setbacks.
In March, the United Kingdom's Financial Services Authority cited "serious systems and controls failings" that stemmed from rapid growth as the reason for the £2.4 million (Dh13.3m) fine."
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