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Coach builder holds £3m profit

Alexander Dennis, the Falkirk coach builder backed by some of Scotland’s top businessmen, including Brian Souter and Sir David Murray, held its pre-tax profits at £3.206m last year – exactly the same as the previous year’s figure – in spite of plunging turnover and hefty redundancy payments.

Company spokesman Bill Simpson said the flat-profit figure masked “extraordinary achievements” at Alexander Dennis over the past two years.