Andrew Tan's Emperador Inc. embarks on doubling profits by 2016

Emperador Inc. is raising the equivalent of up to 70 percent of shareholders' equity from the debt market to finance an aggressive expansion program as part of efforts to double its bottom line starting 2016.
 

The board of directors has directed president Winston Co. to hire global investment advisers on the expansion plan and on tapping the debt market, the company noted in a disclosure to the Philippine Stock Exchange Tuesday.

 

As of end-2013, Emperador booked a cash position of P24 billion while net income totaled P5.8 billion.

 

The liquor business tycoon Andrew Tan aims to register P11.6 billion in net income by 2016-2017.

 

Emperador intends to hit its income target by expanding in the Philippines and in the global market, along the lines of the strategy to boost and diversify its product portfolio, chief finance officer Dina Inting noted in the disclosure.

 

According to the company, Emperador is the world’s largest selling brand of brandy and it is the largest  liquor firm in the Philippines. – VS, GMA News