The strong performance of Edrington during the six months to September 30 signals that the wider Scotch whisky industry is continuing to perform well, in spite of the recent escalation of the eurozone debt crisis. The industry’s strong performance, against a tough domestic and global economic backdrop, is in stark contrast to the struggles of other sectors of the Scottish economy.
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Asian boom fuels distiller’s earnings
BOOMING demand for Scotch whisky in Asia has helped Glasgow-based distiller Edrington, which produces The Macallan and Famous Grouse, shrug off grim market conditions in Greece, Spain and Portugal to achieve a 6% jump in underlying interim pre-tax profits to £69.9m.
