Kentz continues to move ‘from strength to strength’

KENTZ chief executive Hugh O’Donnell told shareholders yesterday that trading for the first half of this year at the Irish engineering group has been in line with market expectations and the company’s performance during the same period in 2008.

Mr O’Donnell was addressing shareholders at the company’s AGM in London. The Clonmel- headquartered business has its shares listed on London’s Alternative Investment Market (AIM). It recently reported full-year figures for 2008, detailing a 19% rise in pre-tax profit to $40.7 million (€31m) and an 18% rise in revenue to $643.3m.

Yesterday, Mr O’Donnell updated shareholders by saying following the strong performance in 2008, the company has continued to go “from strength to strength this year”.