Specialty food ingredients and chemicals manufacturer D&L Industries Inc. is expecting its bottom line to grow by double-digits this year, banking on the operationalization of its new Batangas plant, which will boost its export business over the medium term.In a news release, D&L president and CEO Albin Lao said, "we keep our stance and continue to guide for at least double-digit growth in earnings for this year.
During the first quarter of 2024, the company recovered its momentum as it posted a 4% year-on-year earnings growth of P618 million driven mainly by ramp up in operations of the Batangas plant."With the help of our Batangas plant, we are on track to reach one of our which is for exports to eventually account for at least 50% of our total sales," Lao said.