Emperador nets P3.4B

LEADING liquor-maker Emperador Inc. grew its first semester net profit by 5.5 percent year-on-year to P3.4 billion despite a marginal growth in revenues.

Net income in the second quarter came in at P2 billion, up by 9.4 percent year-on-year, but up by almost 45 percent against the net income in the first quarter.

Consolidated revenues for the first six months showed a marginal growth of 0.2 percent to P18.4 billion.

“Our margins have enabled us to sustain strong profitability that’s underpinned by our brandy and whisky businesses. We have a compelling product portfolio that’s led by leading brandy brands in both local and foreign liquor segments in the Philippines – Emperador and Fundador brandy, respectively; and world-renowned whisky brands whose availability in Manila has been increasing since last year – The Dalmore and Jura,” Emperador president Winston Co said on Thursday.

Emperador is now the world’s largest brandy company. It recently acquired Fundador, the largest brandy producer in Spain.