Arran Distillery doubles net profit in one year

Following on from the news that Diageo is to invest a billion in Scotland, one of the country’s smaller independent distillers Arran Distillery has also revealed that it has more than doubled its net profit in the space of a year. Arran has reported a turnover of more than £3m, an increase of almost 14% on the previous year.
Now in its 16th year trading, this is the first time that Arran has exceeded the £3m sales mark. Net profits for the year stood at £250,000, marking an increase of 113% on last year’s results.
Euan Mitchell, Managing Director of Arran Distillery, said, “The confidence of an industry giant to invest shows demand for the drink, both in the UK and overseas, is set to continue to grow.
“By forging more paths into emerging markets this represents great news for us as many consumers will begin by drinking blended whisky and then eventually move on to try single malts, which is where we’ll really see the benefit.”