Emperador nets P5.3 B in first 9 months of 2019
MANILA, Philippines – The Andrew Tan-led liquor-maker Emperador Inc. saw a 1.9-percent growth in net profit in the first nine months amounting to P5.3 billion, driven by a double-digit growth in sales revenues.
Revenues for the nine-month period amounted to P33.8 billion, up by 11 percent from the same period last year, Emperador disclosed to the Philippine Stock Exchange on Thursday.
“Long-term growth in international operations should help maintain and diversify profitability. Our luxury single malt whisky The Dalmore is leading our premium Scotch whisky business followed by Fettercairn, Tamnavulin, Jura, and Shackleton. And we have a compelling brandy portfolio comprised of the world’s leading brandy by volume, Emperador, Spanish brandies Fundador and Tres Cepas, and Mexican brandy Presidente,” Emperador president Winston Co said.
Emperador’s liquor products are sold in more than 100 countries. /gsg
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