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Insider UK
Insider UK
Lifestyle
Peter A Walker

Scotch Malt Whisky Society owner toasts rising revenues

The Artisanal Spirits Company has reported a 25% rise in revenue from £7.9m to £9.9m year-on-year, with growth in UK venues, Europe and China.

The Scotch Malt Whisky Society's (SMWS) owner stated that gross margins of 63% were also ahead of the 61% achieved last year.

The interim results for the six months to 30 June showed that gross profit increased 21% from £5.1m to £6.2m, while losses of £300,000 - down from a £200,000 profit during the first half last year - were put down to investment for growth.

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