D&L earned P1.4B in H1 thanks to Batangas plant

D&L earned P1.4B in H1 thanks to Batangas plant

MANILA, Philippines –  Continuing gains from its Batangas manufacturing plant lifted the first-semester earnings of D&L Industries Inc. by 6 percent to P1.4 billion, offsetting higher coconut oil costs. Lao family-led D&L told the exchange on Tuesday its sales had likewise surged by 40 percent to P26.61 billion. According to D&L, its Batangas plant booked

D&L Industries Exec Hopeful For Sustained Net Income Rise In ’25

Higher export sales and revenues from its Batangas plant boosted publicly-listed D&L Industries’ income in the first half of the year, raising hopes for a double-digit income growth this year. Alvin Lao, D&L president and chief executive officer, in an online briefing Tuesday, reported that earnings in the first six months this year rose 6 percent to nearly PHP1.4 billion from year-ago’s PHP1.32 billion. He, however, noted that higher coconut oi…