Engineering firm’s pre-tax profits more than double

PRE-TAX profits at Cork-based international engineering group, Kentech, more than doubled last year to $16.8 million (€12.4m).

Accounts filed for the Kentech Group — which employs more than 3,200 people — show the group recorded the increase in pre-tax profits after its revenues increased by 3% from $137.1m to $141.3m in the 12 months to the end of December last.

Pre-tax profits increased from $8.2m to $16.8m.