WSP results in works, but 4th-qtr. lackluster

Apr 22, 2011 | 01:29 PM | Michael Cowden

Tags  WSP, earnings, OCTG, seamless, casing, tubing, drill pipe, China Thailand

TORONTO — WSP Holdings Ltd. has seen no "noticeable improvement" in its fourth-quarter 2010 operating performance, it said Friday, adding that it won’t release fourth-quarter and full-year 2010 financial results until May 26.

The Wuxi, China-based seamless oil country tubular goods (OCTG) producer said it is "in the process" of "finalizing" financial statements and is "carefully working through" year-end accounting procedures, "critical" estimates and other adjustments "that may require significant judgments and assumptions to be made." It did not detail what those judgments or assumptions might involve.....

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