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Travel promotions group Landround has posted a 47 per cent increase in pre-tax profits for the year ending September 2000.

The AIM-listed company turned in a record pre-tax profit of pounds 1.5 million, compared to pounds 1 million for the same period in 1999.

The figures include Landround's investment in the launch of its Buy and Fly scheme, as well as its January acquisition of Travel Offers.

Earnings per share went up 23.5 per cent to 20p, compared to 16.2p in 1999, and the recommended final dividend was 5p a share.

Michael Crompton, the group's chairman, predicted continued strong growth for 2001.