Whyte & Mackay, the Scotch whisky group owned by India’s United Spirits, has reported a jump in net profits for its most recent fiscal year.

Net profits after tax for the 12 months to the end of March 2009 were GBP22.5m (US$36.6m), compared to GBP18.3m in the 18 months to the end of March 2008, Whyte & Mackay Group said in a filing to Companies House released this week.

Net sales for the year were GBP216m, against GBP348m for the prior 18 months.

Operating profits reached GBP45.6m, compared to GBP49.4m for the preceeding 18-month period, said the group, which owns The Dalmore and Isle of Jura single malt whiskies.

One-off gains, such as lower interest payments, “contributed significantly” to higher profits, the firm said.

On its future growth, the Whyte & Mackay said: “Strategic growth will be brands-led but will be supported by maintaining contribution levels on contracted bulk spirit and private label business and by focusing on initiatives to drive down overall costs and thereby increase profitability.”

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