MANILA – Emperador Inc. has recorded 11-percent growth in its net income to PHP5.9 billion during the first nine months of the year, as international sales of its brandy and whisky products in various markets around the world boosted its bottom line.
During the third quarter alone, the company achieved 26-percent record growth in earnings to PHP2.5 billion, driven by the surge in overseas demand amid the global pandemic.
“The success of our international expansion boosted company earnings, bringing stability and growth at a time when the Philippines wrestles with the impact of the coronavirus. Emperador’s global business saw double-digit growth as it adapted well to new consumption trends,” Emperador Inc. president Winston Co said in a statement Monday.
Fundador, Tres Cepas, and Emperador brands have been growing consistently, particularly in the United States, Canada, Italy, Spain, United Kingdom, and Greater China.
In Spain, brands owned and produced under Grupo Emperador España S.A. continue to dominate the brandy market with 40-percent market share.
“We are glad that the company was able to deliver solid performance in the first nine months of 2020 on the strength of its international business that we have developed in the past five years. The highest international growth comes from China, which is expected to more than double from last year, which will be driven by the premium single malt brands and brandy. We are confident that this will pave the way for further growth in the future for Emperador,” Emperador International chief executive officer Glenn Manlapaz said.
Emperador Inc., whose brandy and whisky brands are available in more than 100 countries, is a publicly listed company at the Philippine Stock Exchange that owns Emperador Distillers, Inc., Scotch whisky maker Whyte and Mackay Group, and Bodegas Fundador in Spain. (PR)
