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Emperador’s Net Income Growth Accelerates In The Second Quarter of 2016

Emperador Net Income Growth Accelerates In The Second Quarter Of 2016

MANILA, Philippines, August 11, 2016 – 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.

Read Also: Emperador Inc. Posted PHP 1.4 Billion Net Income in the First Quarter of 2016

Emperador Inc. President Winston Co said, in a statement, “Our strong profitability, underpinned by our brandy and whisky businesses, continues because our margins have enabled it. 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. has acquired Emperador Distillers, Inc., Scotch whisky maker Whyte and Mackay, and Bodegas Fundador in Spain, completing the purchase from Beam Suntory in early March of this year. Fundador is one of Spain’s most iconic brands and is the largest and oldest brandy producer.

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Written by Proudly Filipino

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