TYCOON Andrew Tan-led beverage-maker Emperador Inc. reported a net profit of P1.4 billion in the first quarter, flat from the same period last year.
Emperador – the world’s largest brandy company – recorded nearly P9 billion in consolidated revenues in the first quarter versus P8.89 billion in the same quarter last year, based on a press statement issued on Tuesday.
The first quarter of this year also marked a significant milestone with Emperador taking over 286-year old Bodegas Fundador from Beam Suntory. Combined, Emperador and Fundador brandy production facilities make Emperador the largest brandy entity in the world.
Emperador president Winston Co said: “We have an unprecedented and compelling ownership of vineyards, bottling facilities and distilleries. We already have 1,500 hectares of vineyard land, roughly 1,000,000 square meters of cellar and bottling facilities, and three distilleries in Spain.”
Co added: “In 2014, the acquisition of Scotch whisky company Whyte and Mackay jump-started Emperador Inc.’s transformation into becoming a world-class company. The acquisition of Fundador brandy sealed the deal making our company truly global with access to 100 countries. And today, our brandy and whisky product portfolio is comprised of standard, premium, super premium, and luxury offerings. While maintaining our brandy dominance in local liquor brands with Emperador brandy, we have enviable presence in foreign liquor brands in the Philippines with our Fundador brandy and single malt brands The Dalmore and Jura.”