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Emperador’s net income up 11% to P7.7 billion in 2016

EMPERADOR Inc., the world’s largest brandy company, reported a net income of P7.7 billion last year, 11 percent higher than the figure made in 2015.

The company, owner of Scotch whiskey brands Whyte and Mackay, as well as some Spanish brandy and sherry brands led by the iconic Fundador, said last year’s net income was achieved on consolidated revenues of P41 billion.

Margins were higher compared to 2015 due to cost efficiency, which enabled the group to record higher earnings, the company said.

Emperador Inc. President Winston Co said in a statement, “Driven by high-margin brandy and whiskey products, we have been able to sustain our earnings growth. Our earnings growth per annum from 2011 to 2016 is 27 percent.”

Co added, “We also managed to realize our highest quarterly earnings in the fourth quarter of 2016, amounting to almost P2.8 billion and reflecting an increase of 23 percent over the fourth quarter of 2015.”

Emperador Brandy has been recently featured on the New Products Page of the Beverage Industry Magazine in its  February 2017  issue, indicating that Irvine, California-based GK Skaggs would start selling Emperador Brandy and Emperador Light in major US markets in the first quarter of 2017.

“With market penetration in 51 countries  today, Emperador Brandy has evolved into a global brand. We believe that our export business will grow over time. And with the acquisition of Fundador last year, our brandy business is stronger than ever,” Co said.

Emperador Inc., a publicly traded company at the Philippine Stock Exchange, owns Emperador Distillers Inc., Scotch whiskey maker Whyte and Mackay Group and Bodegas Fundador in Spain.

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