Kentz FY pretax profit rises, raises dividend

* Pretax profit $44.5 million vs $40.7 million yr-ago

* Revenue up 9.5 pct to $704.7 mln

* Says well placed to deliver strong growth

* Shares up slightly

March 22 (BestGrowthStock) – Irish engineering group Kentz Corp Ltd
(KENZ.L: ) posted a 9 percent rise in full-year pretax profit,
boosted by a higher backlog of orders, and raised its total
dividend by 5 percent.

The company said it was well placed to continue to deliver
strong growth in the coming year.

Kentz, whose customers include Royal Dutch Shell (RDSa.L: )
and Exxon Mobil (XOM.N: ), raised its total dividend to 6 cents a
share.

For the year ended Dec. 31, the company posted a pretax
profit of $44.5 million, compared with $40.7 million in the
year-ago period.

Revenue climbed 9.5 percent to $704.7 million.

Analysts on average were expecting the company, which
focuses on the oil and gas industry worldwide, to post a pretax
profit of $42.5 million, on revenue of $703.0 million,
according to Thomson Reuters I/B/E/S.

Backlog at the end of the year rose 49 percent to $1.50
billion.

Shares of Kentz were up slightly at 227.5 pence at 0810 GMT
on Monday on the London Stock Exchange.

Stock Market News

(Reporting by Anirban Sen in Bangalore; Editing by Anne
Pallivathuckal)

Kentz FY pretax profit rises, raises dividend