Jan-Sept earnings flat at P1.81B due to new plant costs, D&L says

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Jan-Sept أخبار

Earnings,Flat,At

LISTED industrial firm D&L Industries Inc. reported a recurring income of P1.81 billion, just 1 percent higher than last year's P1.79 billion, as incremental expenses from its newly commissioned lines at its Batangas plant weighed on its third-quarter earnings.

LISTED industrial firm D&L Industries Inc. reported a recurring income of P1.81 billion, just 1 percent higher than last year's P1.79 billion, as incremental expenses from its newly commissioned lines at its Batangas plant weighed on its third-quarter earnings.Net income for the third quarter fell 11 percent year on year to P493 million from P552 million.'What we are seeing now is the natural cycle of operating a new plant.

4 percentage points versus domestic sales.GPM for the export business was at 17.1 percent and 15.7 percent for domestic sales.'At current export growth levels, we believe we are still barely scratching the surface,' Lao said, adding they expect continued growth in exports amid a sustained focus on higher value-added products where D&L has a competitive export advantage.The operating companies behind D&L's Batangas plant, Natura Aeropack Corp. and D&L Premium Foods Corp.

 

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