Kentz records 18% rise in pre-tax profits to €59.4m

Specialist engineering company Kentz has an order book of $2.44bn (€1.85bn) and recorded an 18% rise in pre-tax profits to $79.4m (€59.4m) last year, the company has disclosed.

The Clonmel, Co Tipperary-headquartered company, which employs 4,000 people in 29 countries, yesterday said revenues last year increased by 29% to $1,367.5m (2010: $1,057.4m). Its gross cash balance at the end of 2011 rose by 3% to $238.1m from $231.3m.

The proposed final dividend is 7.3c per share. The total dividend payment for last year is 12.3c per share, an increase of 23% over the prior year.