Emperador earnings for 2013 up by 17.4 percent to P5.8 billion

Emperador Distillers Inc. achieved a net income of P5.8 billion for the full year of 2013, a 17.4 percent jump from P5 billion in 2012. Revenue reached P29.6 billion compared to P23.6 billion in the previous year, registering a 25.6 percent growth. Volume grew by 7 percent due to the impact of a higher excise tax in 2013. With a sales volume of 33 million cases, Emperador maintains its position as the world's largest selling brandy brand in 2013, aside from being the largest liquor company in the Philippines.

Emperador is expanding both its production facilities in Spain and in the Philippines. Emperador has invested a total of P5.8 billion in the most technologically advanced vineyards, distilleries and bodegas in Spain. This year, Emperador will spend P4 billion in the Philippines for additional production capacity.

With zero debt in its balance sheet, the company ended 2013 with a cash balance of P24 billion, including P12.5 billion from share sales in the third quarter of last year.

According to Emperador Chief Financial Officer Dina Inting: "Emperador is a global company with strong balance sheet. We are very committed to give the best quality and best value to our customers. We will continue to invest in technology and facilities of the highest quality for worldclass brandy production."