Emperador Joins PSE Mainboard, Industrial Index
Emperador Inc. (PSE: EMP), the world’s largest brandy company owning the iconic Emperador Brandy and Fundador Spanish Brandy de Jerez, has started to trade this week as part of the 30-member benchmark Philippine Stock Exchange Index (PSEi) and the 23-member Industrial Index. The company is in high spirits with this milestone with its stock again being represented in the main benchmark index of the Philippine stock market.
Coming on the heels of Emperador’s recent announcement of its robust financial performance in the first six months of this year and Emperador’s stock being included in the PSEi this week, Emperador has also recently declared a cash dividend of Php0.11 per share on record date August 18, 2020. The cash dividend payment date is on September 3, 2020.
Emperador President Winston Co said, “The Management and shareholders are pleased and elated about the spate of good news – such as our 1H2020 financial performance and the addition of our stock to the PSEi starting Monday this week – amid the scarcity of good news in these challenging and unprecedented times. We are doubly happy with Emperador joining the PSEi this week after seeing that our company had sustained earnings growth in the second quarter of this year amid all the pandemic challenges. And even happier that our shareholders will be paid out dividends.”
Emperador’s global footprint in more than 100 countries is central to the company’s robust performance by mitigating its risks and optimizing opportunities. In the process, the company was able to achieve a strong 2Q earnings growth of 24% compared to the same period last year.
Emperador’s strong 1H20 performance amid a global lockdown serves to highlight the strength of the business and its brands. The company owns some of the most recognizable brands in the world. Emperador world’s No.1 brandy, Fundador world’s best-selling Spanish brandy, El Presidente largest in Mexico, Terry Centenario best-selling in Spain. The Scotch whiskies, The Dalmore, Jura, Tamnavulin, Shackleton, Whyte and Mackay, John Barr and Claymore are heritage brands and doing exceptionally well in UK, USA, Asia and particularly China.
Co added, “While the situation remains fluid, our performance in the first half of this year is encouraging and we hope better months are ahead in light of economies opening up and easing of quarantines. We will celebrate again as the world returns to some level of normality.”
Emperador, a publicly listed company with a market value of P163 billion, owns Emperador Distillers Inc., Scotch whisky maker Whyte and Mackay Group, and Bodegas Fundador in Spain.
