Global headwinds for its scotch business dragged down earnings for Emperador Inc., the spirits unit of Alliance Global Group, with attributable net income slipping to ₱4.68 billion in the first nine months of the year from ₱4.79 billion a year ago.
In a disclosure to the Philippine Stock Exchange, the spirits firm reported that revenues declined 4.6 percent to ₱41.22 billion from ₱43.2 billion in the comparable period last year.
“The brandy business has returned to gr
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