EMPERADOR, Inc. grew its attributable profit by 18% during the first six months of 2018, as higher sales in Asia and North America offset a 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, with the company noting that margins were also higher for the period.
“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.
The liquor manufacturer earlier said that 30% of its revenues came from the international business, while the domestic market accounted for 70%.
Emperador has several brands under its portfolio, including Fundador and Scotch whisky brands The Dalmore and Jura single malts.
This year, the company aims to grow the sales volume of its Fundador brand by 30 to 35% through the “aggressive promotion” of the brand internationally. To note, the brandy business accounted for bulk of the company’s revenues during the first quarter of the year.
“We believe Emperador Inc. is in a good position for accelerated growth in the years to come as we envision robust and stable international and domestic businesses in the long run,” Mr. Co said.
Emperador is part of tycoon Andrew L. Tan’s holding firm Alliance Global Group, Inc., which also has core investments in property through Megaworld Corp., gaming through Travellers International Hotel Group, Inc., and quick serviced restaurants through Golden Arches Development Corp., the local operator of the McDonald’s fast food chain.
Shares in Emperador rose by eight centavos or 1.1% to close at P7.35 each at the stock exchange on Thursday. — Arra B. Francia
