Listed brandy and whisky conglomerate Emperador Inc. reported double-digit growth in its earnings for the second quarter on Tuesday as the company saw improvements in its Asian, European, and Latin American markets.In a regulatory filing, Emperador said net profit to owners climbed 19% to P2.1 billion, as revenues for the quarter grew by 18.3% to P15.5 billion. This brought the first-half net profit to owners to P3.8 billion.
Once global economies improve and consumer demand for premium and luxury products returns, our performance will see new heights,” Emperador president Winston Co said.Emperador said its Dalmore distillery is being expanded to double the current capacity, which is set to be completed by the end of 2024. It is also expanding its warehouses to accommodate the aging of liquids from the expanded distillery.Emperador’s units and partners include United Kingdom-based Whyte and Mackay Group Ltd.