Isle of Arran distiller toasts jump in profits
Isle of Arran Distillers has cheered its 2015 results, with a 25 per cent jump in net profit, driven by 16 per cent growth in brand sales and visitor numbers to Lochranza increasing by 19,000 from 2014.
“In a market perceived to have stalled, the results offer a more positive view of the category and a reflection of changing market dynamics,” the company said, adding that its profits have grown 130 per cent since 2010 and it is pursuing ongoing investment.
Additionally, it said export represented 61 per cent of its total turnover last year, with France remaining a core market, the “tough” US market making up 9 per cent of exports, and “rising star Taiwan contributing 7 per cent of total overseas sales”.
Managing director Euan Mitchell highlighted the business being independent, adding: “We are delighted with the results, which renew our dedication to creating quality whisky with a story to tell. We believe that the future for whisky is very promising.”