Business NEWS

D&L Industries Inc., the country’s largest green chemicals and food ingredients manufacturer, reported a 12 percent growth in net income for the first quarter of 2022 to P780 million from P695 million in the same period last year despite rising raw material costs.

D&L Industries, the country’s largest green chemicals and food ingredients manufacturer, reported a 31 percent jump in net income to P2.64 billion last year from the P2.0 billion earned in 2020.

D&L Industries Inc. reported that the start of commercial operations (SCO) for subsidiary Natura Aeropack Corporation’s (NAC) plant in Batangas will be moved to January 2023 instead of the original May 2022 schedule due to global port congestion and supply chain disruptions.

D&L Industries is confident of exceeding its pre-pandemic earnings this year after registering strong growth in the third quarter despite the reimposition of stricter quarantine measures.

D&L Industries, the country’s top producer of customized food, chemicals and consumer products, reported that its export business is projected to account for 50 percent of revenues on robust growth amid the pandemic.

D&L Industries Inc., which prides itself on being an innovation powerhouse in the country, plans to continue to beef up its research and development (R&D) investments to develop more innovative products despite the uncertainties due to the pandemic.

D&L Industries has successfully listed its maiden bond offering at the Philippine Dealing and Exchange Corporation (PDEx) after being oversubscribed by both individual and institutional investors.

D&L Industries’ maiden bond offering garnered strong support from fixed income investors as total bids received amounted to P13.8 billion, which is equivalent to 4.6 times the base offer size of P3 billion.

The Securities and Exchange Commission (SEC) has approved the planned public offering by D&L Industries, Inc. of fixed-rate bonds worth up to P5 billion.

D&L Industries the country’s largest specialty food ingredients, plastics and oleochemicals firm, sustained its strong recovery in the second quarter of 2021, setting the stage for the firm to exceed its pre-pandemic earnings in 2019.

The Philippine Economic Zone Authority (PEZA) has granted an extension for the start of commercial operations (SCO) for D&L Industries’ Batangas plant in light of delays in the delivery of equipment and machineries due to the recent surge in COVID-19 cases.

D&L Industries, the country’s largest specialty food ingredients, plastics and oleochemicals firm, is currently participating in a vaccination drive initiated by the Quezon City Local Government Unit (LGU).

D&L Industries, the country’s largest specialty foods ingredients, plastics and oleochemicals firm, has filed with the Securities and Exchange Commission its registration statement for a planned maiden bond offering of up to P5 billion.

D&L Industries, the country’s largest specialty foods ingredients, plastics and oleochemicals firm, has declared cash dividends amounting to P1.36 billion as it sustains its growth trajectory despite the reimposition of tighter quarantine measures.