Despite registering a loss of £330,000 loss on a joint venture in Uruguay, Morrison Bowmore recorded a profit of £948,000 compared with £480,000 the year before. However, turnover fell by 17% to £34m as the company cut back on trading in bulk whisky stocks.
UK: Double delight for Morrison Bowmore
Scotch whisky distiller, Morrison Bowmore, has revealed that it nearly doubled pre-tax profits in 2001 in spite of a sharp slowdown in duty free sales in the fourth quarter.
July 11, 2002