MANILA – Andrew Tan-led brandy maker Emperador Inc. posted a net income of P1.74 billion in the first quarter of 2019, up 10 percent from P1.66 billion a year early driven by strong whisky and premium brandy sales.
In a disclosure to the Philippine Stock Exchange on Tuesday, Emperador said it registered revenues of P11 billion during the period, up 13 percent year-on-year.
“Our overall business continues to show robust performance. Following 2018’s exceptional year with business growing in every region of the world – from Europe to North America, from Middle East to Africa, and from the Pacific to Asia. Whisky and premium brandy sales in the first three months of 2019 again proved to be strong. This continues to be driven by our malt whisky and premiumization strategy,” Emperador Inc. president Winston Co said.
In the last two year, Emperador introduced three malt whiskies to enhance its malt portfolio of Whyte and Mackay in the last two years – Tamnavulin, Fettercairn, and Shackleton.
The three brands showed robust signs of growth during the first quarter of 2019, the company said.
“We are particularly excited about Shackleton Blended Malt Scotch, which is based on the spirit supplied to the 1907 British Antarctic Expedition, expertly crafted using a selection of the finest Highland Single Malt Scotch Whiskies. In fact, Charles Mackinlay & Company, which was the source of Mackinlay’s Rare Old Highland Malt whisky supplied for the expedition, is part of Whyte and Mackay’s Invergordon distillery,” Co said.
“For our brandy business, the first three months of 2019 again saw premium brandy driving growth. Fundador and Tres Cepas were the fastest growing brandies amongst the foreign brandies sold in the Philippines during the first quarter of this year. With the premium brandies exhibiting growth, our brandy premiumization is well underway,” he added.
Emperador Inc., a publicly listed company, owns Emperador Distillers Inc., Scotch whisky maker Whyte and Mackay Group, and Bodegas Fundador in Spain. (GMA News)
