Aveva says year profit up 70 pct

LONDON (Reuters) - Engineering technology company Aveva Group (AVV.L) on Tuesday said underlying full-year profit rose 70 percent and the outlook for the current year remains very positive.

Aveva, whose technology is used to build ships, power stations and oil rigs, said pretax profit before amortisation, share-based payments and goodwill adjustment rose to 47.9 million pounds for the year ended March 31 from 28.1 million pounds a year earlier. Revenue rose 34 percent to 127.6 million pounds.

(Reporting by Erica Billingham; Editing by David Cowell)