Engineering company Kentz Corp today reported a 32% rise in full-year profit as demand for its services from the oil and gas industry continued to grow.
The company provides engineering, construction and technical support services to the oil and gas and mining industries.
It said its backlog at the end of February increased to $2.73 billion, up 6% from December.
Its pre-tax profit rose to $104.8m in the year ended December 31 from $79.4m a year earlier. Revenue increased 6% to $1.56 billion.
Kentz raised its final dividend to 9 cents per share from 7.3 cents a year earlier.
