Lucio CO’s Keepers boost 1H net income by 18%

The Keepers Holdings Inc. (Keepers), tycoon Lucio Co’s imported liquor distributor, said Tuesday first-half net income rose 18 percent year-on-year to P1.16 billion on strong sales volume of imported brandy, wines and specialty beverages.
 Keepers said consolidated revenue was up 19 percent to P6.5 billion on the back of a 10 percent growth in the volume of cases sold for the period. Alfonso, the leading imported brandy in the market, was the main sales driver, surpassing its pre pandemic levels, premiumizing market and on-premise channel rebound. 
For the year 2022, Keepers declared annual cash dividends amounting to P0.054 per common share which represents a 125 percent increase versus 2021, equivalent to 50 percent dividend payout of Keepers 2021 net income. 
Keepers carry iconic global brands including Johnnie Walker, Chivas Regal, Glenfiddich, Suntory, Jinro, Jose Cuervo, Jim Beam, Penfolds, Red Bull and many others.