Emperador profit up 5% at P4.9B in Jan-Sept

ANDREW Tan-led brandy and whisky maker Emperador Inc. posted a 5-percent increase in net income in the first nine months of the year as cost efficiency initiatives boosted profit margins which offset lower sales.

Emperador told the Philippine Stock Exchange (PSE) on Thursday that it recorded profit of P4.9 billion in the first nine months compared to the P4.7 billion posted a year ago.