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£4.5m profit is just the ticket for bus builder Dennis shareholders are awarded dividends of £1.2m Bus firm on right route with growing profits

THE four Scottish business heavyweights who rescued bus and coach builder Alexander Dennis from the brink of collapse have reaped £1.2 million in dividends as annual profits at the company jumped by more than 40%.

ROAD TO SUCCESS: Falkirk's Alexander Dennis has risen phoenix-like from near collapse. Picture: Gordon Terris
ROAD TO SUCCESS: Falkirk's Alexander Dennis has risen phoenix-like from near collapse. Picture: Gordon Terris

Falkirk-based Alexander Dennis’s latest accounts reveal a pre-tax profit of £4.5m for the 2010 calendar year, compared with £3.2m the year before.

At the same time, turnover slipped to £283m from £290m last time, largely on the back of the depressed UK bus market.