Alcohol consumption may have declined slightly in 2015 but that didn’t stop premium wine and spirits distributor Edward Dillon and Co from recording a jump in profits last year.

The company, which is owned by Moët Hennessy, Bacardi-Martini and Brown-Forman subsidiary Longnorth, recorded a 68 per cent increase in pre-tax profits in the year to the end of September, even though it failed to increase revenues.

Accounts filed at the Companies Registration Office, show Edward Dillon, which distributes brands that include Veuve Cliquot, Bombay Sapphire, Grey Goose, Krug, Jack Daniel’s and Dom Pérignon, recorded a rise in pre-tax profits from €989,000 in 2014 to €1.67 million last year. Turnover fell slightly from €57.8 million in 2014 to €56.3 million in 2015.