Kenmare sees profit of $121,000 for 2003

Exploration company Kenmare Resources has reported a profit of $121,000 (€100.3m) for last year, mainly due to deposit interest income.

The ISEQ listed company has been concentrating on the development of its Moma mine in Mozambique and has agreed a $220m (€182.5m) contract to build the mine with a joint venture formed for the project between Multiplex Ltd and Bateman.