Emperador says net profit soars to P10.8 billion in 2021

ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Emperador and Fundador brandy aged in sherry casks in Spain. Handout" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2020/business/10/26/emperador.jpg"/><figcaption>Emperador and Fundador brandy aged in sherry casks in Spain. <em>Handout</em></figcaption></figure></div><p>MANILA - Emperador Inc said on Monday its net profit rose 35 percent to P10.8 billion in 2021.</p><p>Revenues rose by 6 percent to P55.9 billion, the Emperador said in a disclosure to the stock exchange.</p><p>Emperador said its international brand business led by Fundador &quot;did very well in the United Kingdom, the United States. Canada, Spain, Mexico and Asia.&quot;</p><p>Meanwhile, the whisky business &quot;performed strongly&quot; in North America, Europe and Asia which was led by China, it added.</p><p>&quot;Against a backdrop of the global pandemic, Emperador managed to remain resilient. We are very fortunate to have a deep and diversified brandy and whisky portfolio and a vast product availability across at least 100 countries,&quot; Emperador Inc president Winston Co said.</p><p>&quot;We remain steadfast in the face of new challenges in global logistics, rising cost, and new surges of new COVID-19 variants. We remain optimistic economies will pen up more in the coming months,&quot; he added.</p><p>Emperador, which owns Whyte &amp; Mackay, is a brandy and whisky brand listed in the Philippine Stock Exchange.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/07/08/21/emperador-confirms-mulling-listing-in-singapore">Emperador confirms mulling listing in Singapore</a></li>	<li><a href="https://news.abs-cbn.com/business/10/26/20/emperador-says-9-month-income-up-as-pandemic-spikes-global-sales-of-liquor">Emperador says 9-month income up as pandemic spikes global sales of liquor</a></li>	<li><a href="https://news.abs-cbn.com/business/09/16/21/emperador-one-step-closer-to-sgx-listing">Emperador files documents for Singapore Exchange listing</a></li></ul><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1775391" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

Emperador Inc said on Monday its net profit rose 35 percent to P10.8 billion in 2021.

Emperador says net profit soars to P10.8 billion in 2021 | ABS-CBN

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Emperador says net profit soars to P10.8 billion in 2021

Emperador says net profit soars to P10.8 billion in 2021

ABS-CBN News

Published Apr 25, 2022 09:12 AM PHT

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