Emperador Inc., the world’s largest brandy company and owner of Scotch whisky brands of Whyte and Mackay as well as some Spanish brandy and sherry brands led by the iconic Fundador, realized a net income of PHP4.9 billion from January to September this year. This was about 5% higher than the comparable period last year and was achieved on consolidated revenues of PHP27.9 billion.
Margins were higher compared to the same period of 2015 due to cost efficiency, which enabled the group to record higher earnings.
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Emperador Inc. President Winston Co said, in a statement, “Higher margins have enabled us to sustain a high level of profitability that’s underpinned by our brandy and whisky products. We have a compellingly diversified product portfolio that encompasses both domestic and foreign markets.”
Mr. Co added, “We expect better sales in the last quarter of this year compared to previous quarters on the back of increased consumer spending resulting from the holiday season. With an unrivaled portfolio of quality brandy and whisky products – both local and foreign brands – we are best positioned in the market to benefit from this increased consumer spending.”
Read also: Filipino-owned Emperador now sold in 40 countries worldwide
Emperador Inc., a publicly traded company at the Philippine Stock Exchange, owns Emperador Distillers, Inc., Scotch whisky maker Whyte and Mackay Group, and Bodegas Fundador in Spain.