Emperador Inc. recorded a 53 percent increase in profit in the first half of the year to P5.1 billion from P3.33 billion in the same period in 2020.
Sales hit P25.3 billion, up 18 percent from P211.44 billion.
“The gradual easing of quarantine restrictions in various parts of the world has buoyed our first half business performance. On-sites have started to return. We see the brandy business led by Fundador growing by double digits in the UK, US, Canada, Spain, Mexico, Canada, and Asia, including the Philippines. The whisky business continues to pace strongly, led by North America, Europe and Asia, led by China,” said Winston Co, Emperador president.
“Both brandy and whisky segments showed increased margins and robust profitability given the benefits from improving product mix and positive operating efficiency. We hope global economies continue to rebound and return to some form of normalcy,” Co added.
Emperador owns the multi-awarded Fundador Spanish Brandy de Jerez, having recently won the highest Platinum Award bestowed by the San Francisco World Spirits Competition, particularly for Fundador Supremo 18.
It also owns Whyte & Mackay, the world’s fifth largest Scotch whisky producer, which was recently recognized as ‘Distiller of the Year’ at the Icons of Whisky Scotland 2021.
