Emperador Inc., a leading global brandy and whisky maker, reported a net income of P10.1 billion in 2022, relatively flat from 2021 amid global supply chain challenges and high-inflation environment.
Emperador said in a stock exchange filing Wednesday revenues reached P62.8 billion, up 12 percent year-on-year driven by continued strong demand for whisky and brandy products.
Sales from the whisky segment increased 18 percent, boosted by higher demand for single malt whiskies across almost all of the conglomerate’s key markets around the world led by Asia, North America and Europe as well as the resurgence of travel retail. The brandy segment also increased its sales by 9 percent on sustained growth in the Philippines, Spain, Mexico and North America.
“We achieved top line growth to end the year with a banner performance in 2022 despite the challenges posed by high inflation and supply chain and logistics issues,” Emperador president Winston Co said.
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