MANILA - Emperador Inc. recorded an 11 percent increase in revenues in the first nine months of 2019, amounting to P33.8 billion, and net income of P5.3 billion, its press release said.
Its president, Winston Co, said long-term growth in international operations should help maintain and diversify profitability.
Its liquor products are sold in more than 100 countries. It owns premium, super premium, and luxury liquor brands, making it a pioneering and steadfast force in liquor premiumization, especially in the Philippines, the press release also said.
Meanwhile, the company extended its two-year share buyback of up to P5 billion. Emperador Inc. can repurchase up to P3 billion for another 12 months, ending on May 16, 2020. Since the start of the buyback two years ago, about 392.65 million shares have been bought back, amounting to approximately P2.83 billion.
Emperador Inc. is the world’s largest brandy company owning the iconic Emperador Brandy, Fundador Spanish Brandy de Jerez, and the luxury Single Malt Scotch Whisky The Dalmore. It is a publicly listed firm at the Philippine Stock Exchange, and owns Emperador Distillers Inc., Scotch whisky maker Whyte and Mackay Group, and Bodegas Fundador in Spain, the press release added.*
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