March 04, 2015 11:01 AM 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. Announces Earnings Results for the Third Quarter and First Nine Months of 2014

Tanduay Distillers, Inc. announced earnings results for the third quarter and first nine months of 2014. For the first nine months, the company reported that it’s sales volume increased due to intensified marketing efforts for its product, Tanduay Five Years. However, due to higher raw material costs, coupled with higher selling and marketing expenses, the company reported a loss of PHP 83 million for the period. TDI was able to reverse part of the losses of first half of 2014, generating an income of PHP 89 million in the third quarter of 2014.

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.

Similar Private Companies By Industry

Company Name Region
Iconic Beverages, Inc. Asia
Agua Vida Systems, Inc. Asia
Kristal Water Source Corporation Asia
DateCola Asia
El Coco Wine Distillery Asia

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Tanduay Distillers, Inc., please visit www.tanduay.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.