Manila—(PHStocks)—Emperador Inc. (PSE: EMP), the world’s largest brandy company, reported a net income of PhP7 billion on revenues of PhP43.6 billion last year, inclusive of foreign operations. The company made the highest quarterly net income in the fourth quarter of 2015, amounting to PhP2.26 billion, showing a 38% year-on-year increase versus the fourth quarter of 2014 and as much as 56% quarter-on-quarter increase against the third quarter of 2015.
Emperador chairman Dr. Andrew L. Tan said, “The fourth quarter of 2015 also marked a significant milestone in Emperador’s history as an agreement with Beam Suntory Inc was reached to buy Fundador – Philippines’ best-selling premium brandy and an iconic brand for more than 150 years. The purchase also included other Spanish assets like Terry Centenario, Spain’s number one selling brandy; Tres Cepas, the number one brandy in Equatorial Guinea; and Harveys, the number one selling sherry wine in the United Kingdom. The turnover of the Spanish assets recently occurred early this month.”
Emperador president Winston Co also said, “This recent development truly marks an epoch in Emperador’s history. The long-term potential of our brandy business is more compelling than ever. We have become even more global.”
Meanwhile, Emperador now has a much bigger product portfolio of brandy and whisky that has greater global presence. The core local product, Emperador brandy, can surely benefit from this international route to market given export opportunities in other countries.
Co said, “We are best positioned to capitalize on premiumization opportunities in the Philippine market. We now have a broad spectrum of products available locally ranging from standard to ultra-premium offerings. Our core local product, Emperador brandy, remains to be the undisputed leader in the local liquor industry. We also now have a compelling presence in foreign liquor in the Philippines with our Fundador brandy and single malt whisky products, The Dalmore and Jura.”
Emperador is majority-owned by Alliance Global Group Inc. (PSE: AGI).