ABS-CBN News

Posted at Nov 11 2021 11:22 AM

Photo from the Emperador website

MANILA— Emperador Inc on Thursday said its net profit normalized in the first 9 months of the year, growing 35 percent to P7.9 billion.

Its net income in the first 9 months has already matched the full 2020 earnings of P8 billion, the global brandy company told the stock exchange.

Revenues rose 11 percent to P38.4 billion, it said. 

"We are extremely delighted with our performance in spite of challenges in global logistics as well as the hard lockdown in the Philippines in the third quarter of 2021," Emperador Inc president Winson Co said. 

"We are confident that 2021 will be another banner year for Emperador, as economies open up. We look forward to an even better 2022," he added.

Emperador said its international brandy business led by Fundador continues to do well in the UK, US, Canada, Spain, Mexico, Canada and Asia, including the Philippines.

Meanwhile, its whiskey business also keeps gaining pace in North America, Europe as well as in Asia.

In September, Emperador said it has submitted documents for its secondary listing at the Singapore Exchange.

Fundador and Whyte & Mackay are among brands under Emperador. 

Emperador files documents for Singapore Exchange listing

Emperador Inc on Thursday said it has submitted documents for its secondary listing at the Singapore Exchange.

The application is subject to the review and approval of the SGX, Emperador said in a disclosure to the stock exchange. 

Emperador submitted on Sept. 15 "the necessary application documents for its planned Secondary Listing on the Main Board of the Singapore Exchange (SGX)," the statement said.

"This is a significant momentous event for Emperador. Singapore, one of the world's major financial hubs, will provide a broader audience and greater access to international investors," CEO Winston Co said. 

The listing will also "showcase" Emperador as a global spirits company, Co added.

Emperador Inc, a global manufacturer, bottler and distributor of brandy, scotch, whisky and other alcoholic beverages, is listed on the Philippine Stock Exchange. 

Emperador confirms mulling listing in Singapore

MANILA - Emperador Inc on Thursday confirmed reports that it is considering listing in Singapore. 

The liquor unit of billionaire Andrew Tan's business empire disclosed to the local stock exchange that its management "is evaluating a dual listing in Singapore." 

"Emperador Inc. has leveraged its strong market position in the Philippines to establish a global brands portfolio of brandy and whisky that are available in over 100 countries," the company said. 

Emperador, which makes the Emperador Brandy, Fundador Spanish Brandy de Jerez, and Tres Cepas said its strong operating and financial performance delivered "has been noticed by global institutional investors focused in the spirits segment."

The company's said its earnings last year grew 18 percent to P8 billion, as the pandemic pushed sales higher.

Earlier, it also disclosed that its first quarter net income was up 43 percent at P2.1 billion on strong international performance. 

"Emperador Inc. is on the constant lookout to grow its global presence and a secondary listing in Singapore could be an excellent opportunity to raise the profile of an international company headquartered in the Philippines," the company said. 

In May, the company also said it was raising its capital expenditures by 50 percent to "accelerate global expansion."