Emperador Inc., a leading global brandy and whisky group headquartered in the Philippines, said Wednesday net profit last year was flat at P10.1 billion, with the double-digit growth in revenue tempered by disruptions in global logistics and high inflation rates.
Net profit stood at P9.97 billion in 2021.
Emperador, listed in both the Philippine and Singapore stock exchanges, saw revenues increase by 12 percent year-on-year to P62.8 billion, driven by the strong demand for distilled spirits. The whisky segment grew by 18 percent on higher sales of single malt whiskies in key overseas markets, while the brandy segment grew by 9 percent on steady growth particularly in the Philippines, Spain, Mexico, and North America.
“We achieved top line growth to end the year with a banner performance in 2022 despite the challenges posed by high inflation, and supply chain and logistics issues,” said Emperador president Winston Co. “There was a lot of volatility last year, but our overall global business remained strong, led by Emperador’s single malt whiskies, which continued to enjoy strong demand across the globe. We look forward to an even better performance in 2023,” he added.
Emperador owns globally-known brands Emperador Brandy, Whyte and Mackay, Fundador Brandy, The Dalmore, Fettercairn, Jura, and Tamnavulin Single Malt Scotch whiskies.
