Simpsons Malt highlighted continuing opportunities in distilling.
IAN MCCONNELL
SIMPSONS Malt has flagged rising demand from the global brewing industry and continuing opportunities in distilling, while reporting a rise in turnover.
The family-owned business, based in Berwick-upon-Tweed, increased turnover to £145.6 million last year from £143.8m in 2016. It cited rises in sales volumes across its key markets of brewing and distilling. It flagged a 21 per cent rise in export sales.
Pre-tax profits dipped to £8.2m in 2017, from £9.3m, with Simpsons Malt citing “raw material costs and inflationary pressure on operating expenditure”.
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