The wines and spirits group, Allied Domecq, reported pre-tax profits of £480m for the year to the end of August, 6% up on the previous year. Allied added that trading in September was in line with its expectations.

Turnover for the year rose from £2.879 billion to £3.334 billion, while Allied's operating profit increased from £547m to £686m.

During the past year, Allied Domecq has bought the rum brand Malibu as well as the Spanish wine business, Bodegas y Bebidas.

The group's CEO, Philip Bowman, said that the results were in line with the company's expectations. Bowman, said: "These results represent a successful outcome to an important year for Allied Domecq. We have maintained our focus on delivering profit growth while adding significantly to our brand portfolio and improving volume performance in key markets. Our marketing capabilities have been strengthened, which has led us to invest heavily in the sustainable future growth of the business and bring us closer to our aim of becoming a truly marketing-led company.

"Seven of our eight core brands are now showing volume growth reflecting our continued commitment to invest strongly behind our core brands. Our US spirits business has benefited from the positive actions taken earlier this year with the business returning to organic profit growth.

Importantly, most of our core US brands show good growth trends and are gaining market share. We are also delivering innovation with ready-to-drink products and a new cream liqueur, Tia Lusso. During the year, we enhanced the growth profile of the portfolio through the acquisition of Malibu and added to our premium wine business with Bodegas y Bebidas and Mumm Cuvée Napa. The integration of our acquisitions is going well and our new wine business is performing in line with our plans.

"Our Quick Service Restaurants business has delivered strong growth with improved overall same store sales and an increase in distribution points. Dunkin' Donuts continues to outperform the US QSR category and Baskin-Robbins has benefited from its brand revitalisation.

"The results for the first month of the new financial year have been in line with our expectations. We expect to continue to grow earnings benefiting from the contribution of our recent acquisitions while continuing to invest strongly in the business as we support new campaigns for our core brands and drive our programme of innovation."