EconomyEditor's PickEmperador nets P7.9 billion

November 11, 2021
https://www.emperadorbrandy.com/

LISTED brandy and whisky manufacturer Emperador, Inc. said its net income to owners “normalized” in the nine-month period and already “matched” its full-year P8-billion earnings in 2020.

The company posted a 35% net income growth year on year to P7.9 billion, while its topline grew by 11% to P38.4 billion, it said in a disclosure to the local bourse.

“We are extremely delighted with our performance in spite of challenges in global logistics as well as the hard lockdown in the Philippines in the third quarter of 2021,” Winston S. Co, president and chief executive officer of Em-perador, said.

Emperador said its international business “continues to do well” in Asia, Canada, Spain, the UK, and the US.

Its whisky business likewise showed strong results in North America, Europe, and including Asia, thanks to demand in China.

Emperador’s products are on the shelves in over 100 countries across six continents.

“We are confident that 2021 will be another banner year for Emperador,” Mr. Co said. “As economies open up, we look forward to an even better 2022.”

Emperador shares on Thursday went up by 1.10% or 20 centavos to close at P18.38 apiece. — Keren Concepcion G. Valmonte

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