Kentz ‘on track’ for double digit growth

Engineering services group Kentz has said it remains on track to deliver double-digit earnings growth this year.

The positive outlook — communicated yesterday as part of the London-listed group’s latest trading update — follows the recent award of new contracts in key target grow regions such as the Middle East, Russia and the Americas.

The Clonmel-founded company, which specialises in providing infrastructural support services for major oil and gas exploration companies, said that as of the end of October it had a record project backlog level valued at $3bn (€2.22bn) with a prospect pipeline valued at over $15bn.