Emperador net income rises 3% in H1 amidst supply chain woes

The company reported a net income of P5.3b.

Emperador Inc. reported its net income grew by 3% year-on-year to P5.3b in the first half of the year amidst continuing supply chain disruptions and increased cost.

Over the same period, the company’s consolidated revenues climbed by 11%YoY to P28b. Brandy sales particularly increased by 9.5%, whilst international sales, largely driven by Emperadpr’s whiskey segment, went up by 13%.

“After back-to-back banner performances in 2020 and 2021, our company continues to deliver growth despite supply chain challenges and increase in input costs,” Emperador Inc. President Winston Co said.

“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.”

He said growth continued in Asia, Europe, and North America. In addition to this, the company is looking at exploring joint ventures in China.

In this light, the company also projected a stronger second half performance.

Follow the link for more news on

Emperador

Philippines F&B

Also Read

Omnichannel retail is the path to profit

Starbucks opens largest greener store in Thailand

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit