UK: Morrison Bowmore Distillers sees FY profits jump
By James Wilmore | 8 August 2013
- Net profits jump 42% to GBP6.9m (US$10.7m)
- Sales rise 12% to 5.2m
- Pre-tax profits up 39% to GBP8.5m
- Borrowing up 50% to GBP37.7m
 |
The company has benefited from investment in its single malt brands |
Morrison Bowmore Distillers has reported a healthy rise in full-year profits after investment in its single malt brands.
Net profits in the 12 months to the end of last December jumped by 42% to GBP6.9m (US$10.7m), the Suntory Holdings-owned Scotch whisky producer reported today (8 August). Sales in the period rose by 12% to GBP5.2m, while pre-tax profits were up by 39% to GBP8.5m.
The company, whose brands include Bowmore and Auchentoshan, said its performance was due to its "strategy of focussing resources and investment" on its single malt brands.
Borrowing in the year rose by 50% to GBP37.7m as the group invested in long-term whisky stocks to "meet the growing demand" for its single malt brands.
Sectors: Company results, Spirits
Companies: Suntory, Morrison Bowmore
View next/previous articles
8 Aug 2013 -
Currently reading -
UK: Morrison Bowmore Distillers sees FY profits jump
Related research
Suntory Holdings Ltd in Soft Drinks (World)
The changed organisational structure within Suntory and the highlight of Latin America, Middle East and Africa reflect Suntory’s globalisation ambition. The company is encouraged to expand into major RTD tea and RTD coffee markets such as the US and ...
Suntory Holdings Ltd in Soft Drinks (Japan)
Suntory Holdings aims to reinforce its core business, carry out internal synergies in the Suntory Group, and develop new businesses. In order to achieve this, the company targets further cultivation of its focus brands, such as Suntory Boss, Iyemon, ...
Suntory Holdings Ltd in Alcoholic Drinks (Japan)
Suntory Holdings Ltd aims to reinforce its position by strengthening its marketing and promotional campaigns that can offer new value and new ways for consumers to enjoy alcoholic drinks, and also by introducing new products that can offer additional...
Related articles
Editor's Viewpoint - Will Diageo's White Rum Foray Prompt Bacardi Buys?
The launch of the latest addition to the white rum category will have some folk in Bermuda and Miami in a bit of a flap at the moment, I imagine.
There are currently no comments on this article
Be the first to comment on this article