New accounts show the Drambuie Liqueur Company recorded pre-tax profits of £3.44 million for the year ended June 30 before exceptional items relating to future obligations on leased properties. This compares with a figure of £3.8m last year.
Operating profits came in at £3.37m after exchange rate gains and before exceptionals were deducted.
Turnover at company, which makes its liqueur under a partnership with Morrison Bowmore in Glasgow, came in at £22.2m, down slightly on the £22.9m booked last year.
Chief executive Michael Kennedy said the results were positive "in light of the economic conditions".
He said: "We are pretty pleased. It is another year of [operating] profit growth which is very encouraging.
"In market sales we are level with the previous year, which is good, and which has allowed us to take stock out of various distributors.
"The past few years have been very much about trying to rejuvenate the Drambuie brand [and] get it back into growth. We see this very much as another year in progress."
Mr Kennedy noted that sales growth in the UK, its second biggest market behind the US, had been driven by increasing its marketing spend.
This included television advertising in Scotland in support of its A Taste of the Extraordinary campaign.
The brand also sponsored a series of Hogmanay parties at the Tron Kirk on Edinburgh's Royal Mile, where consumers were given the chance to try the liqueur.
The sampling activity focused on Drambuie's versatility, including its signature serve with ginger beer. It has also been promoting a hot apple toddy, the liqueur's take on mulled wine, in the winter months.
Mr Kennedy, who highlighted Drambuie's strong performance in promotions run by grocery retailers, said recent campaigns had set out to challenge how the brand was perceived by younger consumers.
Stating that the days of Drambuie being consumed as an after-dinner drink had largely gone, he said the firm aimed to highlight the brand's contemporary relevance by promoting it in long serves.
Mr Kennedy said: "We think it is fantastic drink in terms of the flavour and the types of different drinks and cocktails it makes. But you have got to allow younger consumers to drink it in a way they are drinking.
"Drambuie and ginger beer is a really good alternative to Jack Daniel's and Coke or Bombay and tonic for somebody who wants a little bit more flavour and taste.
"That is how that generation of consumers are generally drinking spirits so it is absolutely fundamental we let them try it in a way they are currently drinking."
Drambuie said sales have begun to recover in southern Europe, where markets were badly hit by the eurozone crisis. Sales were down 1% on the previous year, a performance described as a "far cry" from the declines seen in the two or three years before.
Mr Kennedy said Greece, which had been its second biggest market before its economic collapse, was showing signs of improvement, aided by a healthy tourism season.
He revealed Drambuie had restored marketing investment in the country and had seen sales begin to grow in the last six months. However Mr Kennedy said Greece was now its fifth biggest market, having shrunk to half the size it used to be.
Mr Kennedy, who said conditions were also improving in Spain, added: "I do not expect Greece will come back in the next five to 10 years in the way it was five to 10 years ago.
"But I do think there is still very much a reasonable-size market there for us."
In the US, sales were up slightly as the company restructured its team with a new regional director to lead its business from Miami. It also appointed six brand ambassadors in New York, Boston, San Francisco, Denver, Portland and Austin. Mr Kennedy expects the benefits of those changes to feed through next year.
The company saw sales growth of 34% in emerging markets, specifically in Nigeria, Kenya and Angola after securing new distributors in Africa.