Imported brandy drives 13.7% income growth for Keepers

LUCIO L, CO-LED liquor distributor The Keepers Holdings, Inc. reported a 13.7% increase in its net income for the first half to P1.62 billion from P1.43 billion a year ago, driven by higher sales of imported brandy.

- Revin Mikhael D. Ochave

Consolidated revenue rose by 17% to 9,04 billion from P7.72 billion in the same period last year, Keepers said in a regulatory filing on Tuesday.

Keepers said the higher revenue was driven by a 22% growth in the volume of cases sold, led by the Alfonso imported brandy.

Operating expenses increased by 22% to P692.5 million from P567.45 million a year earlier.