Earnings of Emperador Incorporated in 2020 Increased Amid COVID-19 Pandemic
The Emperador Incorporated announced that the earnings of the companies grew in 2020 amid the coronavirus pandemic.
Emperador is one of the most popular brands of beverage not only in the Philippines but also in different countries all around the world. A lot of people love the brand’s products because of its taste.
The firm’s brandy and whisky are available in more than 100 countries worldwide. It is very popular among Filipinos and can be usually found in special occasions such as birthday, wedding, graduation and other celebrations.
On Thursday (March 11, 2021), the Emperador Incorporated said that the company increased by 18 percent to P8 billion in 2020. The firm was able to sustain the revenue growth and the total revenues reached P52.6 billion.
The distillery company was able to sustain the business because of their global footprint and brand portfolio despite impact of the health crisis in the country. It results to stability and growth of the company.
“The resilience of the company shows the strength of our business coupled with the strength of our whisky and brandy portfolio across the globe resulting in stability and growth amid the challenges,” Emperador Inc president Winston Co said.
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