Company - UK - Alexander Dennis bounces back with £7m profit
Scotland, UK -The Sunday Times, by John Penman -19 Mar 2006: -- Alexander Dennis (ADL), the Falkirk-based bus company rescued from near collapse two years ago, made an operating profit of £7m in its first full year under new owners... The company, which was saved by a consortium of investors that included the Stagecoach founders Brian Souter and Ann Gloag, Rangers chairman David Murray and merchant bank Noble Grossart, saw sales hit £150m in the same period... The figure for this financial year is expected to hit £165m with a profit in excess of £10m... The company made 200 of the double decker in the first four months and received help from the Scottish executive and Scottish Enterprise as it revamped its product range... ADL is also working on hybrid engines to help meet environmental targets...
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