Kemek pre-tax profit narrows 33% on sales decline

Irish company Kemek, half-owned by building materials group CRH, reported a decline by 15% in revenue year-over-year to €13.20 million in the fiscal year ended December 2011 from €15.50 million in the previous year. Pre-tax profit of the industrial explosives company dropped 33% to €812,000 from €1.2 million as the firm incurred EUR 1.57mn non-cash depreciation costs. Accumulated profit amounted to EUR 10mn with the number of workforce fell to 44 people from the previous 55 people in 2011.
October 19, 2012

Irish company 6757 Kemek, half-owned by building materials group 723 CRH, reported a decline by 15% in revenue year-over-year to €13.20 million in the fiscal year ended December 2011 from €15.50 million in the previous year.

Pre-tax profit of the industrial explosives company dropped 33% to €812,000 from €1.2 million as the firm incurred EUR 1.57mn non-cash depreciation costs. Accumulated profit amounted to EUR 10mn with the number of workforce fell to 44 people from the previous 55 people in 2011.

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Kemek
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