Emperador: H1 2015 net income hits P3.3B

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EMPERADOR Inc. posted P3.3 billion in net income during the first six months of the year, an increase of 8.1 percent from P3.05 billion a year earlier.

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In a statement, the listed liquor firm of tycoon Andrew Tan said revenues grew by 38 percent to P18 billion from P12.92 billion.

“Liquor consumption was softer in the first semester, but we expect a better performance in the second half of 2015,” said President Winston Co.

Last May, the company launched Smirnoff Mule.

The firm also launching three product labels from Whyte and Mackay which include the Jura, Dalmore and Whyte & Mackay.

The company has set aside P3 billion in capital expenditures for an eight-product launch this year, in line with efforts to double its net income to P12 billion by 2017 from P5.8 billion in 2013.

Emperador intends to build a P300-million glass manufacturing facility in Canlubang, starting next year, particularly to cover the imported amber glass bottle for Smirnoff Mule.

Emperador is 87.55-percent owned by Alliance Global Group Inc. The group also has interests in property developer Megaworld Corp., McDonald’s franchise Golden Arches Development Corp., and tourism—Resorts World Manila and Resorts World Bayshore—under Travellers International Hotel Group Inc.

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