Kentz profits surge 52%

INTERNATIONAL engineering company Kentz Corporation, which listed on London’s secondary market in February achieved strong results in its first six months as a quoted company.

The Clonmel based group reported that pre-tax profits for the six months to the end June rose 52% to $16.8m (€11.8m) from $11.1m.

In a buoyant market sales rose by over 34% to $328.6m (€231.4m) from $244.5m. At the end of June the group’s order backlog at the half way point increased by 17.1% to $698.6m (€492.4m) from $596.4m.