Emperador nets Php1.4B in Q1

May 11, 2016 3:57 am 

By Leslie D. Venzon

MANILA, May 10 (PNA) — Liquor conglomerate Emperador Inc. reported a flat first-quarter profit at Php1.4 billion and consolidated revenues at Php9 billion.

The conglomerate told the local bourse the first quarter of this year marked a significant milestone with Emperador taking over 286-year old Bodegas Fundador from Beam Suntory.

Emperador and Fundador brandy production facilities combined make Emperador Inc. the largest brandy entity in the world.

“We have an unprecedented and compelling ownership of vineyards, bottling facilities and distilleries. We already have 1,500 hectares of vineyard land, roughly 1,000,000 square meters of cellar and bottling facilities, and three distilleries in Spain,” said Emperador Inc. president Winston Co.

Co stressed that the acquisition in 2014 of Scotch whisky company Whyte and Mackay jump-started Emperador Inc’s transformation into becoming a world-class company.

“The acquisition of Fundador brandy sealed the deal making our company truly global with access to 100 countries… While maintaining our brandy dominance in local liquor brands with Emperador brandy, we have enviable presence in foreign liquor brands in the Philippines with our Fundador brandy and single malt brands The Dalmore and Jura,” he added.

Emperador Inc. is majority-owned by Alliance Global Group, Inc. (PNA)

RMA/LDV

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