Emperador posts higher profit, revenues in first half

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Emperador, Inc. grew its attributable profit by 18% during the first six months of 2018, as higher sales in Asia and North America offset the softer performance in the domestic market.

In a statement issued Thursday, the listed firm said net income attributable to the parent reached P3.2 billion for the first semester of the year. Revenues climbed 8% to P19.5 billion.

“The strong performance comes from the strong growth of the international business amidst a soft domestic market. The premium Spanish brandy and Scotch whisky business continues to show robust growth led by Fundador brandy, The Dalmore and Jura single malt whiskies led by Asia and North America,” Emperador President Winston S. Co said in a statement. — Arra B. Francia