spot_img
28.3 C
Philippines
Thursday, March 28, 2024

Emperador’s first-quarter profit unchanged at P1.4b

- Advertisement -

Emperador Inc., the liquor unit of tycoon Andrew Tan, reported a net income of P1.4 billion in the first quarter, nearly unchanged from the same period last year.

Emperador said in a disclosure to the stock exchange first-quarter sales reached nearly P9 billion, up from P8.89 billion in the same quarter last year.

The first quarter 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.

“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, and three distilleries in Spain,” Emperador president Winston Co said.

“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,” Co said.

- Advertisement -

“Today, our brandy and whisky product portfolio is comprised of standard, premium, super premium and 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,” Co said.

Emperador is the world’s largest selling brandy brand and is also the largest liquor company in the Philippines. Its flagship product Emperador brandy is sold all over the Philippines, and is consumed more than other liquor products combined  in the country.

- Advertisement -

LATEST NEWS

Popular Articles