Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     

  • GBP/USD

    1.2494
    -0.0017 (-0.13%)
     

  • Bitcoin GBP

    50,576.05
    -836.61 (-1.63%)
     

  • CMC Crypto 200

    1,324.95
    -71.59 (-5.12%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Kentz profit up 12 percent, says expects further growth

Reuters - UK Focus

LONDON, March 24 (Reuters) - British energy services firm Kentz (Frankfurt: 3UJ.F - news) said on Monday it achieved double digit earnings growth, in line with expectations, bucking the trend of rival firms in the sector hit by falling profits as oil companies cut spending.

Kentz reported full year profit before tax for 2013 of $118 million, up 12.6 percent on the previous year, from revenue of $1.66 billion.

The company said in a statement it expected its performance in 2014 to exceed previous management expectations and that growth was forecast across all business divisions.

Kentz was one of the sectors best performing stocks last year, with its share price rising over 60 percent while rivals like Saipem (Other OTC: SAPMY - news) , Subsea 7 (Other OTC: ACGYF - news) and Aker Solutions (Other OTC: AKKVF - news) were struck by project delays and profit warnings. (Reporting by Stephen Eisenhammer; Editing by Silvia Antonioli)