Profits more than doubled, with pre-tax profits reported at £4.9m compared to £2.1m in the previous fiscal year.

The increase was driven by strong sales growth in the UK, Continental Europe, and other international markets. Turnover for the year ending last September was £101.9m, a considerable increase from £84.8m in the prior year.

In the UK, the turnover increased to £48.7m from around £42.1m. Turnover in Europe and other international markets saw a similar upward trajectory, rising to £17.7m and £35.4m respectively.

The Scotch whisky producer’s workforce has increased to 325 employees by September 2022, up from 286 in the previous year.

The firm noted that despite the lingering supply chain issues as a result of the Covid-19 pandemic and the outbreak of war in Ukraine, demand for its spirits remained robust. The distillery recorded its first pre-tax profit in 2014, when private equity firm Exponent backed the acquisition of the business from the Bulloch family.

The business changed hands in 2019 when China’s Hillhouse Capital Management acquired the majority stake from Exponent. Loch Lomond Distillers’ CEO, Colin Matthews, has further increased his stake in the company following the deal, The Herald reports.

Loch Lomond’s portfolio includes high-quality blends and the single malt Loch Lomond, which is distilled and matured near Loch Lomond. The company’s assets comprise bottling plant Glen Catrine, which handles the bottling of all the group’s brands.