in ,

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

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

MANILA, Philippines, May 10, 2016 – Emperador Inc., the world’s largest brandy company and the Philippines’ largest liquor conglomerate, recorded nearly PHP9 Billion in consolidated revenues in the first quarter of 2016 with net income amounting to PHP1.4 billion.

The first quarter of this year also marked a significant milestone with Emperador taking over 286-year old Bodegas Fundador from Beam Suntory. Emperador and Fundador brandy production facilities, combined, make Emperador Inc. the largest brandy entity in the world.

Winston Co, President of Emperador Inc., 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, as well as three distilleries in Spain.”

Mr. 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 includes standard, premium, super premium, and also 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.”

Emperador Inc. is majority-owned by Alliance Global Group, Inc.

Read Also: Alliance Global Group, Inc. Generates a Net Income of P21.6-billion in 2015

Report

Written by Proudly Filipino

For features and advertising inquiries, please email  editor@proudlyfilipino.com. You can also contact us via THIS PAGE

Want Your Brand or Story To Be Featured?

Proudly Filipino - HIghlighting the Philippines

🤩Do you have photos, stories, and brands that you’d like to be featured? Do you know someone that needs to be featured?

👉Message us via m.me/ProudlyFilipinoCom and we’ll showcase their talents, skills, products, and services to the world!

👉Don’t forget to follow and like #ProudlyFilipino #BestOfThePhilippines #BestOfTheFilipinos

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0

What do you think?

[TOP CHOICE 2016] Best Cebu Lechon Brands

Cafe Breeze: Breezy Lunch And Dinner Set Meals That Will Make You Want For More!