- Music and audio company Focusrite posted a 23% rise in annual profit as it increased sales of recording and broadcasting products.

Pre-tax profit for the year through August rose to £11.7m, as revenue rose 14% to £75.1m.

The company declared a final dividend of 2.3p per share, bringing dividends for the year to 3.3p, up 22% on-year.

'We are very pleased to present a set of results where growth is the overarching theme: both Focusrite and Novation segments have grown; as have all major geographic regions,' chief executive Tim Carroll said.

'We continue to see strong market and re-seller acceptance across our expanding portfolio, which highlights the strength of our brands, and our new product pipeline continues to grow.'

At 2:01pm: [LON:TUNE] Focusrite Plc share price was +11p at 432.5p

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