Business
Emperador’s Revenues Higher by 45% in the First Nine Months of 2015
Emperador Inc. generated 45% more in revenues from January to September this year compared to the same period of 2014. Consolidated revenues this year amounted to PHP29 billion, inclusive of foreign operations. Net income reached PHP4.7 billion this year, up about 3% year on year. Domestic volumes in the second and third quarters of this year were better than the first quarter, reflecting a 4% year-on-year increase in the combined sale of goods in the second and third quarters of 2015.
President Winston Co said, in a statement that “Our company is sowing the seeds of future growth while maintaining its dominance in the local liquor industry.
“We launched Smirnoff Mule, a blend of ginger beer, lime and vodka, last May and also very recently launched Andy Player whisky, which is creating quite a buzz among local drinkers. These are exciting additions to our domestic products led by Emperador Light brandy.”
Emperador has also started selling Whyte and Mackay products led by single malt whisky brands Dalmore and Jura, which are now available at grocery stores and supermarkets.
Emperador aims to promote a whisky segment in the spirits industry targeting the young sophisticated consumers.