The shockwaves from the Greek financial crisis caused ripples at Scottish whisky liqueur company Drambuie, it revealed yesterday after posting a £1.6m pre-tax loss for the year.
Greece is Drambuie’s third biggest market but sales volumes there fell 8% in the 12 months to June 30 as the government imposed swingeing budget cuts.
The company, owned by brothers Malcolm and Duncan MacKinnon, said that the US also continued to be a difficult market although sales in the UK grew 27%.
It said overall brand sales increased 1%. Turnover was down 0.7% at £19.2m.
Drambuie emphasised that excluding £3.3m in exceptional charges and the £967,000 cost of its long-term incentive scheme, profit came in at £2.8m. This was 1.4% lower than the year before.
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
