Glenmorangie plc, the distiller of premium Scotch whisky brands such as Glenmorangie, Ardbeg, Glen Moray and the Bailie Nicol Jarvie, has reported a 20% increase in turnover to £37.89m for the six months ended September 30.

Pre-tax profit for the company increased by 19% to £5.01m from £4.22m in 2003.

Paul Neep, chief executive of the company said: “We have made good progress against all our strategic objectives. We are delighted with the strong performance of our premium malt brands which have benefited from continuous long-term investment.”

In the last six months the board of Glenmorangie announced Moet Hennessy, the wine and spirits group of Louis Vuitton Moet Hennessy as the recommended buyer of the company for £300m.

Neep stated: “We now look forward to further building the company and the brands within the Moet Hennessy group.”