Posted: Thu Feb 24, 2011 6:31 pm Post subject: Ian Macleod Distillers Profits Increase
Ian Macleod Distillers Ltd, one of the largest independent family-owned companies in the UK spirits industry, (you are probably familiar with their Glengoyne and Smokehead whisky brands) has announced improved financial results for the eighth consecutive year.
Financial highlights for the year to 30 September 2010:
Group turnover increased 22% to £31.9m (2009: £26.5m)
Profit after tax increased 41% to £3.1m (2009: £2.2m)
Overall stock has increased by £2.3m taking the total stock to £27m
Case sales volume increased 20% and accounts for 93% of the revenue growth
Within cased sales, Glengoyne Single Malt revenue grew by 49%
Good to see one of the independents and still Scottish owned companies doing well.
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