July 23, 2014 12:37 PM ET

Beverages

Company Overview of Tanduay Distillers, Inc.

Company Overview

Tanduay Distillers, Inc. produces spirits, rhums, wines, brandies, gins, and vodka. Tanduay Distillers, Inc. was formerly known as Twin Ace Holdings, Inc. and changed its name to Tanduay Distillers, Inc. in July 1999. The company was incorporated in 1988 and is based in Manila, the Philippines. Tanduay Distillers, Inc. operates as a subsidiary of Tanduay Holdings Inc.

348 J. Nepomuceno Street

San Miguel District

Quiapo

Manila,  1001

Philippines

Founded in 1988

Phone:

63 2 733 9301

Fax:

63 2 733 9096

Key Executives for Tanduay Distillers, Inc.

Tanduay Distillers, Inc. does not have any Key Executives recorded.

Tanduay Distillers, Inc. Key Developments

Tanduay Distillers, Inc. Reports Earnings Results for the First Nine Months of 2013

Tanduay Distillers, Inc. reported earnings results for the first nine months of 2013. The company's earnings were adversely affected by the one time expenses amounting to PHP 105 million, arising from closure of the old plant in Quiapo, Manila, coupled with the impact of higher excise taxes, higher alcohol prices and stiff competition. This resulted in a loss of PHP 41 million in nine months of 2013, from an income of PHP 489 million a year ago.

Tanduay Distillers, Inc. Announces Earnings Results for the First Quarter of 2013

Tanduay Distillers, Inc. announced earnings results for the first quarter of 2013. The company saw its first quarter net income dip to PHP 6.9 million from PHP 184.6 million the previous year due to one-off items. Without these one-off items, recurring net income would have been roughly PHP 190 million, almost the same as last year. Sales volume of Tanduay's spirits remained relatively flat during the quarter.

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