Avesoro Resources Regulatory News (ASO)

10 Mar 2005 07:00

Avesco PLC10 March 2005 For Immediate Release 10 March 2005 Avesco plc Trading Update for the year to 31 March 2005 Avesco plc ("Avesco"), the provider of services to the corporate presentation,entertainment and broadcast markets, announces a Trading Update for the currentyear to 31 March 2005. Ian Martin, Chairman, commented; "I am pleased to report that the Avesco Grouphas continued to make progress since the first half of the year. The USactivities performed strongly in the second half and, despite our caution aboutthe outlook for the UK market at the interim stage, our operations in the UKhave performed very well in the closing months while there has been a generallygood performance across the rest of Europe. "Overall, virtually all our businesses have achieved growth rates ahead ofexpectations and as a result both our revenue and profit figures are ahead ofthe same period last year and considerably better than our expectations at theinterim stage. Although the group's overall performance in the key trading monthof March will not be finalised until the close of the financial year, we expectto report full year figures comfortably ahead of market expectation." For further information please contact: Ian Martin, Chairman, Avesco plc Tel: 01293 583400John Christmas, Group Finance Director, Avesco plc Terry Garrett, Alex White,Weber Shandwick Square Mile Tel: 020 7067 0700 This information is provided by RNS The company news service from the London Stock Exchange