Emperador H1 profit slumps 19% to P3.8B

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GLOBAL brandy and whisky maker Emperador Inc. of the Andrew Tan-led Alliance Global Group Inc. (AGI) saw first-half (H1) net income drop 19 percent to P3.8 billion, from P4.7 billion a year earlier, as sales dipped amid tougher competition.

First-half revenue likewise fell by 7.7 percent to P28.6 billion from P31 billion last year, Emperador told the stock exchange filing on Tuesday.

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