Losses halve at Cork-based Kentech group

Pre-tax losses at the Cork headquartered Kentech engineering group last year more than halved to $3.45m. (€2.7m)

The numbers that the group employs last year decreased by 205, from 3,199 to 2,994, and the directors state that they have a record pipeline of business and expect to see a significant increase in revenues this year.

The firm recorded a 1.3% increase in revenues last year, going from $121.7m to $123.3m, that contributed to the 55.7% reduction in pre-tax losses.