• FY net profits up 22% to GBP9.1m (US$13.8m)
  • Net sales climb 3% to GBP79.2m
  • Operating profits jump 23% to GBP12.2m
Inver Houses anCnoc single malt saw sales grow

Inver House's anCnoc single malt saw sales grow

Inver House Distillers marked its 50th year with a solid jump in full-year profits, led by growth for its core single malt Scotch whiskies.

The company, a subsidiary of ThaiBev, said net profits were up 22% to GBP9.1m (US$13.8m) in calender 2014. Net sales climbed 3% to GBP79.2m while operating profits increased by 23% to GBP12.2m.

There were value and volume increases for Inver House's main brands, including Old Pulteney (value +8%, volume +4%), anCnoc (value +12%, volume +13.5%) and Speyburn (value +28%, volume +44.5%). The company's blended Scotch, Hankey Bannister, also found growth (value +4.5%, volume +6%) despite global category declines.

Inver House Distillers’ managing director Graham Stevenson said the company intends to continue building brands for the future despite “global uncertainties”.

“There are challenging times to come but we remain confident about our strategy and the opportunities for our brands and our industry,” he said.

Ongoing investments for Inver House include a major expansion programme at Speyburn Distillery, an upgrade of Balmenach Distillery and the construction of new warehouses at its Airdrie headquarters.