Hunter Laing toasts record profits of £7.3m
Scotch whisky specialist Hunter Laing has revealed record pre-tax profits of £7.3 million for the year ended 30 April 2022, up from £5.5m in 2021, in its latest accounts.
The Glasgow-based firm achieved sales growth of 15% to £18.3m, up from 15.8m. International sales reached £14.6m, a 70% increase from £8.6m.
The private company supplies some 70 markets globally, which has helped it to achieve its successful business year.
Hunter Laing Holdings directors attributed the results to international markets. Directors said: “Our core far Eastern markets grew substantially whilst we increased out presence in North America, with out Scarabus brand gaining significant traction.
“Market demand for premium, rare scotch whiskies remains strong for those with the right stocks - our stock investment policy of recent years, coupled with an ambitious wood programme, has allowed Hunter Laing to sustain and grow its presence and reputation in this market.”