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Avesco narrows its losses
Corporate entertainment firm Avesco narrowed its losses last year, it announced yesterday, after its revenues rose 13 per cent. The firm made a pre-tax loss of £140,000 in the three months to the end of March, compared with a £633,000 loss in the same period last year. The company said it had increased its banking facilities with HSBC “in anticipation of a busy 2012”.