BURY-BASED Pennine Telecom has announced an increase in profits.

Group turnover at Pennine and its sister company, Interquartz (UK), is now close to £10 million a year with an anticipated combined annual trading profit of £400,000.

The company, which is celebrating its 25th anniversary this year, is based in Salford Street.

Managing Director Ian Macpherson said: "The economy is at a low and nowhere is this more evident than the high profile Telecoms sector and big manufacturing companies."