Engineering firm Kentech back in profit

INTERNATIONAL Cork based engineering group Kentech last year returned to profit after revenues increased by 17% to $137 million (€102.8m).

Accounts for the Kentech Group — which employs more than 3,200 people — show that the group recorded a pre-tax profit last year of $8.2m (€6.1m) to the end of December last after recording a pre-tax loss of $6.5m (€4.8m) in 2008.

The Kentech Group operates for the oil, gas and petrochemical industries in Russia, Azerbaijan, Mexico, United Arab Emirates (UAE), Qatar, Kuwait and Kazakhstan.