Recession continues to hit Speymalt

By Ian Forsyth

Published: 01/12/2009

The worldwide recession is continuing to hit profits at Speymalt Whisky Distributors.

The firm, which trades as Elgin-based Gordon and MacPhail and owns Benromach distillery at Forres, said yesterday that pre-tax profits for the year to February 2009 were just under £698,000.

This compared with £1.349million for the previous 12 months, however, the latest profits were affected by more than £272,000 of repairs to the stonework of the company’s retail premises in South Street, Elgin, built in 1895.

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