Revenues push Emperador’s Q3 profit nearly a fifth
Emperador Inc. said profit in the third quarter of the year rose close to a fifth annually amid higher revenues.
The world’s largest brandy company told the stock exchange on Tuesday said its net income in the July to September period stood at P1.7 billion, reflecting an 18% growth year-on-year — this, due to a P9.5 billion revenue during the period.
This brought net income in the first nine months of the year to P4.4-billion on the back of revenues of totaling P27.6 billion.
“We have committed considerable amount of resources to bring new exciting products to the Philippine and overseas markets,” Emperador Inc. President Winston Co, said in a statement.
“This is in line with ongoing efforts in pursuit of premiumization strategy in the Philippines as well as our strategy to grow Scotch whisky business worldwide and also potentially partake in the comeback of international brandy particularly in the luxury end of the spectrum.”