Emperador reports 10% increase in Q1 profit to 2.3 billion pesos

PHILIPPINE liquor giant Emperador recorded net income attributable to owners of 2.3 billion pesos (S$55 million) for the first quarter of 2023, up 10 per cent from the year before.

This came as revenue rose 26 per cent year on year to 15.6 billion pesos, the company said on Monday (May 15).

Emperador, which is listed on both the Philippine Stock Exchange and the Singapore Exchange (SGX), had continued growth in Greater China and North America during the quarter, as well as a rise in its travel retail business on account of increased air travel, said Emperador’s president Winston Co.

The spirits conglomerate owns a brandy portfolio which includes Emperador Brandy and whisky producer Whyte and Mackay. 

The company’s counter on the SGX was trading flat at S$0.50 as at 9.51 am on Monday, after the announcement.