Emperador nets P1.7 B in Q1

Screengrab from www.emperadorbrandy.com

MANILA, Philippines—Emperador Inc. grew its first quarter net profit by 19 percent year-on-year to P1.7 billion on higher sales volume nationwide, the company announced Friday.

Consolidated revenues of the parent firm of Emperador Distillers Inc. (EDI) reached P7.7 billion or 17 percent higher than the level in the same period last year, Emperador said in a disclosure to the Philippine Stock Exchange.

EDI managed to sell more volume in the first quarter of this year nationwide, the disclosure said, without citing figures.

“Emperador is best positioned to take advantage of the country’s robust economic growth and to continue dominating the liquor market. Strategic investments are in place to accelerate the growth momentum and expand its global footprint,” Emperador president Winston Co said.

Seven out of 10 liquor bottles sold in Manila are Emperador brandy, making it the largest liquor company in the country.