Kentz raises expectations as orders pile up

published 18 May 2012

Oil and gas focused engineer Kentz says orders are growing and it expects its full year figures to come in ahead of expectations.

In a management statement released to coincide with the annual general meeting (AGM) on Friday morning, the company says its backlog of orders had grown to $2.46bn by the end of April, with a significant number of contracts worth over $100m.

Recent wins include a contract for work on the Queensland Curtis liquefied natural gas project and the $128m mechanical, electrical and instrumentation contract for Syncrude's Aurora North mine relocation project, in Alberta, Canada.