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Thursday
Jul152010

Distillery Increases Profits by 90/100

It is always heartening to see a business doing well when times are hard everywhere.  But even I was amazed to see just how successful one particular business has been – lifting profits by 90% at its company based in Scotland.

The company in question is called Ian Macleod Distillers, and it has certainly enjoyed a good few years in the business.  It was founded back in 1933 and is now based in Broxburn.  The original focus of the business had been as a whisky broker, but from there onwards it developed into making the product itself before moving on to other areas.

The most notable event from 2009 was the agreement to take a one third share in a Scandinavian drinks company.  But this was not the only reason why it did so well in the last tax year.  Another reason was due to the fact that its export sales had gone up appreciably, giving it a full 18% higher turnover than it had experienced the previous year.

I think it is clear that Ian Macleod Distillers has made what turned out to be some smart choices during the last few months.  These choices are now paying off in the huge 90% increase in profits I have mentioned already.

But of course this is just one company and one story, and it is clear that they have enjoyed a good result when many other companies have been struggling.  But whatever persuaded them to improve in this sense, it is indeed a good victory for them.

If you wish to discuss the financial situation of your own business, you can use the contact link above to get in touch with us here at St Matthew now.

 



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