LONDON (dpa-AFX) - Avesco Group plc (AVS.L) announced its preliminary results for the year ended 30 September 2011 posting pre-tax profit of 102 thousand pounds versus pre-tax loss of 2.12 million pounds last year.
Loss was 134 thousand pounds or 0.5 pence per share, narrower than 1.05 million pounds or 4.2 pence per share in the prior year.
Adjusted basic earnings per share were 2.6 pence, compared to losses per share of 1.2 pence in the previous year.
Revenue rose to 125.53 million pounds from 117.24 million pounds a year ago.
The Board said it proposes to increase the final dividend to 3.0 pence per share and it is its current intention to reintroduce an interim dividend for the forthcoming year.
Moving forward into 2012, Avesco has good reason to believe it will be a year of significant progress for the Group. Although the economic conditions look uncertain, the company has substantial forward momentum and the additional benefit of many large events this year.
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