Smarter News Now
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting
No Result
View All Result
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
No Result
View All Result
Smarter News Now
No Result
View All Result
Home Investing News

Emperador reports nearly 5% profit growth

by
August 10, 2022
in Investing News
0
Emperador reports nearly 5% profit growth
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter

EMPERADOR, Inc. posted a 4.7% increase in attributable net income to P3.14 billion in the second quarter from P3 billion a year earlier after booking higher brandy sales while whisky drove its international business.

“Our international business continued to perform well led by the single malt whisky portfolio, which continues to be amongst the fastest growing single malts in the world,” Emperador President and Chief Executive Officer Winston S. Co said in a press release on Wednesday.

The company’s topline in the second quarter rose to P15.72 billion, higher by 18.6% than the previous year’s P13.25 billion.

In the first half, Emperador reported a 3.03% increase in net income to P5.3 billion versus P5.08 billion last year.

Consolidated revenues during the semester reached P28 billion, up by 11% from last year, as the company booked a 9.5% growth in its brandy sales.

Likewise, Emperador’s international sales increased in the first half, recording a 13% growth year on year.

Growth continued to be strong in Asia, Europe, and North America, Mr. Co said, adding that overall, the company is looking forward to a “stronger” second-half performance.

Emperador is said to be exploring a joint venture in China to further strengthen its international business.

“Our focus on China is part of our internationalization strategy,” Mr. Co said.

Emperador owns Fundador Spanish Brandy de Jerez and Whyte and Mackay, among others. Its brandy and whisky products are available in more than 100 countries. It is a publicly listed company on both the Philippine Stock Exchange and the Singapore Exchange.

On Wednesday, shares in Emperador climbed by 0.42% or P0.08 to P19.06 apiece. — Justine Irish D. Tabile

ShareTweetPin

Related Posts

Stocks decline on profit taking, recession fears
Investing News

Stocks decline on profit taking, recession fears

August 23, 2022
Peso climbs vs dollar as RTB offer starts
Investing News

Peso climbs vs dollar as RTB offer starts

August 23, 2022
PNR cancels bids for 3 projects after finding them ‘non-feasible’
Investing News

PNR cancels bids for 3 projects after finding them ‘non-feasible’

August 23, 2022
Senate grills Rodriguez on approval procedures for sugar import order
Investing News

Senate grills Rodriguez on approval procedures for sugar import order

August 23, 2022
Trade dep’t expecting sugar price monitoring report by Friday
Investing News

Trade dep’t expecting sugar price monitoring report by Friday

August 23, 2022
Fisherfolk seek halt to reclamation on municipal fisheries
Investing News

Fisherfolk seek halt to reclamation on municipal fisheries

August 23, 2022
Next Post
Megawide, real estate company PH1 tie up for Taytay, Rizal project

Megawide, real estate company PH1 tie up for Taytay, Rizal project

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Email Address *
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
 

Recommended

Davao power firm plans digital substation to meet demand

Davao power firm plans digital substation to meet demand

August 15, 2022
PLDT tapped for rollout of 220 public WiFi sites

PLDT tapped for rollout of 220 public WiFi sites

June 15, 2022
Trade union chiefs threaten long hot summer of strikes

Trade union chiefs threaten long hot summer of strikes

June 14, 2022
SMIC gets regulatory nod to acquire geothermal firm

SMIC gets regulatory nod to acquire geothermal firm

August 2, 2022
Economic reopening seen bolstering growth into Q2 — FMIC, UA&P

Economic reopening seen bolstering growth into Q2 — FMIC, UA&P

June 1, 2022
Bank of England will probably need to raise rates again, says deputy governor

Bank of England will probably need to raise rates again, says deputy governor

August 9, 2022
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2022 SmarterNewsNow.
All Rights Reserved.

Disclaimer: SmarterNewsNow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank You

Copyright © 2020 SmarterNewsNow. All Rights Reserved.