Kentz Corporation Ltd. reiterated earnings guidance for the year 2013. The company expects to achieve double-digit earnings growth in 2013.

Kentz Corporation Limited announced the award of electrical & instrumentation installation works by CB&I for the Reficar Refinery Expansion Project in Cartagena, Colombia. Kentz Caribbean Sucursal Colombia, in consortium with local companies GMP and MASA will execute the electrical & instrumentation installation works for the process units on the new 165,000 bpd refinery expansion project at the Reficar refinery in Cartagena, Colombia. The duration of the contract is 15 months, with a value of approximately approx. $58 million and estimated peak manpower levels of over 750. The contract will be executed through the construction business unit.

Kentz Corporation Ltd. announced that the Directors have proposed a final dividend based on the full year results of 9.0 cents per share compared to 7.3 cents per share in 2011, subject to shareholders approval, the dividend will be paid on May 24, 2013 to shareholders on the register of members at April 26, 2013, the record date. The company reported audited consolidated earnings results for the year ended December 31, 2012. For the year, the company reported revenue of $1,412,640,000 compared to $1,367,529,000 a year ago. Operating profit before finance costs was $77,990,000 compared to $66,133,000 a year ago. Profit before tax was $104,760,000 compared to $79,439,000 a year ago. Profit attributable to equity holders of the parent was $69,723,000 or 58.05 cents diluted per share compared to $58,867,000 or 48.98 cents diluted per share a year ago. Net cash from operating activities was $6,312,000 compared to $31,822,000 a year ago. Purchase of property, plant and equipment was $4,425,000 compared to $12,803,000 a year ago. EBITDA up 22% to $118.5 million compared to $97.5 million a year ago.