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 Read time: 1 min

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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