Emperador: Income in ‘22 flat due to market volatility | VG Cabuag

Emperador Inc., the liquor firm of businessman Andrew Tan, said its attributable income in 2022 was flat at P10.1 billion, compared with the previous year’s P9.97 billion due to disruptions in global logistics and inflation.

The company’s whisky segment grew 18 percent, while the brandy segment grew by 9 percent, Emperador said. “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.”

The brandy segment, meanwhile, sustained year-on-year topline growth particularly in the Philippines, Spain, Mexico and North America.

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