International units boost Emperador’s net income

EMPERADOR, Inc. recorded a 43% increase in its net income to owners at P2.1 billion for the first quarter due to the strong performance of its international units.

The listed company said in a stock exchange disclosure on Tuesday that its revenues improved 13% to P12.1 billion after its global business posted growth during the period.

“The first quarter of 2021 saw a continued robust performance of Emperador’s global business. Sales in most markets are returning. Leading the growth is the Americas, United Kingdom and the rest of Europe, and Asia, particularly China,” the company said in the disclosure.

“With Emperador’s global footprint across over 100 countries in six continents, iconic and well-diversified brandy and whisky portfolio, and strong managements all over the world, the company has constantly been able to navigate through the ongoing challenges brought about by the pandemic,” it added.

Emperador President Winston S. Co said the company’s business is recording growth on multiple levels, adding that it has managed to adjust and improve with consumer and economic movements.

“Both brandy and whisky segments have seen continuous robust growth. The current environment has shifted consumer behavior differently in various markets,” he said in the disclosure.

Moving forward, Mr. Co said the company is optimistic that the gains it attained will result to a new phase of growth.

“We expect the situation to improve and return to some level of normalcy towards the end of the year,” he said.

On Tuesday, shares of Emperador at the stock exchange rose 0.11% or one centavo to end at P9.51 apiece. — Revin Mikhael D. Ochave