Cawley Nea has won the 10th annual Advertising Agency of the Year award organised by Marketing magazine. The Dublin-based agency, which was founded by Mr Chris Cawley and Mr David Nea, is one of the few Irish agencies which is still wholly Irish owned.

The agency's pre-tax profits last year were up 92 per cent with billings of £22.5 million (€28.6 million). New accounts for the agency include Boru Vodka, Cellular 3's Imagine and Dairygold's Mitchelstown Cheese. In December, it was added to AIB's agency roster.

This year's two runners-up were Chemistry, whose accounts include Chorus and Meteor, and DDFH&B, which has Baileys, Smirnoff Ice, Smirnoff and Nestle Smarties.