StockMarketWire.com - Avesco said its pretax profit rose to £544,000 in the year to March 31st, up from £482,000 the year before.

Turnover increased 11% to £65.3m.

The company, which provides services to the corporate presentation, entertainment and broadcast markets, said the sales increase was achieved through organic growth.

Chairman Ian Martin said trading in the early part of the current year has been very encouraging and the group is in good shape to continue its progress.

'The group's financial performance reflected the generally healthy economic

conditions across the globe. Key to Avesco is the level of corporate profitability, liquidity, new business activity and confidence that remained at high levels throughout the year,' Martin said.

Avesco said the board has recommended a final dividend of 1.5p per share, up from 1p a year ago.