Emperador Inc., the largest global brandy company, reported a 53 percent surge in attributable net profit to a record P5.1 billion in the first half of 2021 compared to the same period last year.
In a disclosure to the Philippine Stock Exchange, Emperador said its revenues rose by 18 percent to P25.3 billion in the first semester of this year.
“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,” said Emperador Inc. President Winston Co.
He noted that, “We see the brandy business led by Fundador growing by double digit in the UK, US, Canada, Spain, Mexico, Canada, and Asia, including the Philippines.” On the other hand, Co said their whisky business continues to pace strongly led by North America, Europe and Asia, led by China.
“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,” he added.
Emperador Inc. 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.
Emperador brandy and whisky products are available in more than 100 countries.