Emperador, the world’s largest brandy company and owner of Fundador – the largest brandy producer in Spain – realized a net income of PHP3.4b in the first six months of 2016, reflecting a growth of 5.5% over the comparable period in 2015.
Net income in the second quarter of 2016 came in at PHP2.0 billion, up 9.4% year-on-year, but up almost 45% against the net income in 1Q16. Earnings growth was achieved even as consolidated revenues of PHP18.4b in the first half of this year showed marginal growth of 0.2% over the same period of last year.
Emperador Inc. President Winston Co said, in a statement, “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 Inc. owns Emperador Distillers, Inc., Scotch whisky maker Whyte and Mackay, and Bodegas Fundador in Spain – whose purchase from Beam Suntory was just completed in early March of this year. Fundador is one of Spain’s most iconic brands and is the largest and oldest brandy producer.
Comments
Post a Comment