THE liquor manufacturer, Emperador Inc., posted a 5.5 percent increase in net income in the first half of 2016. Total earnings climbed to P3.4 billion.
Profit in the second quarter alone, reached P2 billion, which was 9.4 percent higher than the same quarter last year and 45 percent more than the previous quarter.
However, consolidated revenue during the January-June period increased only by 0.2 percent from its year-ago level to total P18.4 billion.
“Our margins have enabled us to sustain strong profitability that’s underpinned by our brandy and whisky businesses. 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 president Winston Co said.
Emperador became the world’s largest brandy maker after it acquired Fundador, the largest brandy producer in Spain.
The company is 87.55-percent owned by Tan’s umbrella conglomerate Alliance Global Group Inc.