Profits grow at Inver House whisky distiller
A Thai-based firm which produces Scotch whisky from five distilleries run out of Airdrie has reported a sharp rise in profits and turnover.
Inver House said turnover rose by 28% to £81m during 2011, helping generate a 61% rise in pre-tax profits of £15m.
The firm markets Old Pulteney, Balblair and Speyburn single malt whiskies.
Inver House's Hankey Bannister blend has also seen rapid growth in the emerging markets of eastern Europe, southern Africa and South America.
The distiller also said it was investing in US marketing of its Caorunn premium gin, with worldwide sales up nearly five-fold last year.
Inver House is part of International Beverage Holdings Ltd, based in Thailand and listed on the Singapore stock exchange.
The parent company sells into 85 markets, with whiskies alongside Chang beer and Mekhong rum.
Graham Stevenson, managing director of Inver House Distillers, said the industry had continued to grow despite difficult economic conditions.
"Each brand is distinctive, authentic and appealing to drinkers, which is the core factor in our ability to frequently out-perform the market, as our results confirm," he said.