Profits at John Teeling’s Great Northern Distillery in Dundalk rose to €7.6 million at the end of the last financial year, newly filed accounts reveal.
The year-on-year increase of 36% was due to a surge in revenue as a three-year-old whiskey matured by the company at their Dundalk plant came online. Accounts show the company to have accumulated profits of €15.1 million to the end of the last financial year.
Revenue to the end of April hit €19.2 million, compared to €13.6 million in the previous year, the Irish Independent report today.
The Great Northern Distillery employs more than 30 people at its Dundalk site – the former home of the Harp brewery. GND operates stills that produce a range of whiskey spirits which is sold in bulk to companies that sell private-label brands.
The distillery makes the equivalent of 700,000 bottles of whiskey a week.