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Article: Inver House reports dip in profits
- Article from:
- The Scotsman
- Article date:
- April 3, 2007
- Author:
CopyrightCopyright 2007 The Scotsman. Provided by ProQuest LLC. (Hide copyright information)
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INVER House Distillers, the Airdrie-based producer of whisky
brands including Old Pulteney and Blairmhor, has blamed "challenging"
trading conditions and increased marketing spend for a dip in sales
and profits.
The firm, which was bought last October for a "high eight-figure
sum" by International Beverage Holdings (InterBev), the international
arm of Thai Beverages, said operating profits had slipped to just
under GBP 2.6 million from GBP 2.9m last time.
Accounts covering the year to 31 December, 2006, which have just
been filed with Companies House, also show turnover easing 1 per cent
to GBP 38m.
Managing director Graham Stevenson said: "This is a really
exciting time for Inver House ...