Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!
An Emperador facility in Spain is shown in this photo from the brandy company's Facebook page
MANILA -- The world's largest brandy company, Emperador Inc, said Thursday net income in the January to June period rose 18 percent, as international sales offset a "soft" domestic market.
The maker of Emperador Brandy, Fundador and scotch whisky brands Dalmore and Jura said net income in the first half reached P19.5 billion. It did not immediately disclose second quarter results.
Revenues in the first 6 months of the year grew 7 percent. Margins were "higher," Emperador said in a statement without elaborating.
"The strong performance comes from the strong growth of the international business amidst a soft domestic market," said Emperador president Winston Co.
ADVERTISEMENT
The company is in a "good position for accelerated growth" and both its domestic and international operations are expected to be "robust and stable," Co said.
Emperador shares were up 0.41 percent at noon Thursday, compared to a 0.87 percent decline in the main index.
ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.
Our website is made possible by displaying online
advertisements to our visitors. Please consider supporting
us by disabling your ad blocker on our website.
Our website is made possible by displaying online
advertisements to our visitors. Please consider supporting
us by disabling your ad blocker on our website.
