DOUGLAS Laing & Co, the Scotch whisky blender and bottler, has posted a retained profit of nearly £900,000 in its latest financial year.

The Glasgow-based firm, headed by Fred Laing, made the profit as it increased the value of its whisky stocks to £7 million from £4.6m in 2014. Net assets were booked at £4.5m at December 31, compared with £3.7m the year before, new accounts show.

Mr Laing had run Douglas Laing with brother Stewart for several decades until 2013, when it was split for family succession issues. Stewart Laing formed whisky firm Hunter Laing with sons Andrew and Scott with half of the Douglas Laing brands.