Emperador sees P3.3-B H1 profit

Tycoon Andrew Tan-led beverage-maker Emperador Inc. expects to post a first half net profit of P3.3 billion, about a tenth higher year-on-year, despite a relatively softer liquor market.

In a statement on Wednesday, Emperador president Winston Co said the company had likely realized about P18 billion in revenues for the six-month period, about 38 percent higher than the level last year.

The estimated net income of P3.3 billion for the six-month period is higher than the P3.06 billion net profit reported for the same period last year.

“Liquor consumption was softer in the first semester, but we expect a better performance in the second half of 2015,” Co said.

Emperador remains the leader nationwide with a market share of 50 percent, the company said. Doris Dumlao-Abadilla