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Underlying losses mount at John Martin Group

Newly filed accounts for Scottish franchised dealer John Martin Group show underlying losses were bolstered by exceptional profits from disposals.

In 2007 its pre-tax profit rose to £2m compared with £161,000 the previous year.

However the AM100 dealer noted a £3.1 exceptional profit from disposals of its Dunedin BMW and Mini outlet in Edinburgh, which when stripped out leaves an underlying loss of £1.1m.

Sales dipped to £196m from £217m, due to disposals and closure of a Kia dealership in Edinburgh.

John Martin Group's trading brands include Belmont and Murray Motor Company.

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