Kentz Corporation, the Irish/Malaysian engineering company, which is active ion the oil industry market, today reported a 52% jump in pre-tax profits for the six months to the end of June 2008. Pre-tax profits rose to $16.8m from $11.1m the same time last year after the company listed on London's AIM last February.

Revenues jumped by over 34% to $328.6m from $244.5m and Kentz said the outlook for the sectors in which it operates looks very positive.

Kentz had an order backlog as of end of July 2008 of  $894.5m.

Commenting on the results Hugh O’Donnell, Chief Executive of Kentz said:“We are delighted to report an excellent performance for the Group in the first half of 2008, including notable increases in key financial measures and growth in our backlog to US$894.5m as at end of July 2008. The outlook remains very positive for the sectors in which we operate. Our customers continue to develop significant projects and engage Kentz for participation in these projects, further strengthening our pipeline of work.”

Results detail