StockMarketWire.com - Marchpole Holdings turned in a 79% increase in pretax profit to £4.7m for the year to March 31st 2005.

The group, which designs, produces and sells high quality clothing and accessories for six brands including Yves Saint Laurent and Boateng, also said it is in the final stages of negotiations for an acquisition.

In the year under review, Marchpole's turnover grew 62% to £32.5m from £20m and operating profit was up 80% to £5m from £2.8m.

The board increased the final dividend to 0.45p for a total payout of 0.7p for the year, up from 0.25p.

It said its Autumn Winter 2005 order books stand at £14.9m, compared to £14m at the same time last year.

CEO, Greg Tufnell, said agreements put in place during the year will secure the future growth and continued profitability of Marchpole.