Profits decline at industrial explosives firm Kemek

Pre-tax profits at industrial explosives firm, Kemek Ltd last year fell 33% after the group suffered a further slump in sales.

According to accounts just lodged with the Companies Office, they show pre-tax profits at Kemek Ltd reduced by one third from €1.2m to €812,000 in the 12 months to the end of December last.

The Maynooth-based group is engaged in production and distribution of commercial explosives.