March 15, 2021 - D&L Industries has secured approval from its board of directors for a maiden bond offering to take place this year. The company is looking to issue P3 billion up to P5 billion of bonds with a tenure of 3 to 5 years. Final details of the issuance, including interest rates, will be finalized together with the company’s underwriters. The proceeds from the bond issuance will primarily be used to finance the company’s expansion plans in Batangas which involves a total estimated capex of P8 billion and the corresponding working capital requirements. Construction started in late 2018 and completion is expected by the end of the year. Remaining capex to be deployed for the project is about P4 billion.
March 3, 2021 - Reflecting its niche serving basic industries in the Philippines, D&L Industries’ recovery continued in the fourth quarter, with earnings growing 8% year-on-year (YoY) to P637 million, likely representing an inflection point in earnings growth. This brings the second half (2H20) net income to P1.2 billion, which is 51% higher than the P801 million earnings recorded in the first half (1H20), surpassing the company’s P1 billion target for the period. Overall, net income for the full year of 2020 (FY20) stood at P2 billion, down by 23% YoY, coming from a higher 32% YoY earnings decline reported in the first nine months of the year (9M20). Earnings before interest and taxes was lower by 23% YoY at P2.7 billion.
D&L Industries’ performance recovered strongly in the third quarter, with the gradual reopening of the economy allowing the company to capitalize on relevant product offerings. In the third quarter of the year (3Q2020), recurring earnings of the company doubled quarter-on-quarter (q-o-q) to P573mn, or earnings per share of P0.8. While 3Q20 net income was still lower by 7% on a year-on-year (y-o-y) basis, there was a tremendous improvement from the 57% y-o-y decline in profits recorded in 2Q20. This brings net income for the first nine months of 2020 (9M20) to P1.37 billion, down by 32% y-o-y, coming from a higher 43% y-o-y earnings decline reported in the first half of the year (1H20). Earnings before interest and taxes was lower by 27% y-o-y at P1.96 billion.
September 18, 2020 – D&L Industries declared today a regular cash dividend of P0.183 per share to shareholders of record as of October 2, 2020. Ex-date is on September 29, 2020 and payment will be made on October 28, 2020.
D&L Industries’ recurring income reached P802 million, or earnings per share of P0.11, in the first six months of 2020 (1H20). This is 43% lower than last year. Earnings before interest and taxes was lower by 37% y-o-y at P1.2 billion. In the second quarter alone (2Q20), net income fell 57% y-o-y to P287 million, or earnings per share of P0.04. Earnings before interest and taxes for the quarter was lower by 49% y-o-y at P454 million.
D&L Industries’ recurring income reached P515 million, or earnings per share of P0.07, in the first quarter of 2020 (1Q20). This is 13% lower quarter-on-quarter and 31% lower than for the same period last year. The income decline on a year-on-year comparison appears steeper as the first quarter of 2019 (1Q19) was the best quarter recorded last year, when earnings still managed to inch up. Meanwhile, earnings before interest and taxes (EBIT) in 1Q20 was lower by 26% at P719 million. Revenues for the period declined by 3% y-o-y to P5.7 billion.
March 5, 2020 - D&L Industries’ recurring income reached P2.6 billion, or earnings per share of P0.37, in full year 2019 (FY19). This is 18% lower than last year. Earnings before interest and taxes was lower by 13% at P3.5 billion. In the fourth quarter alone (4Q19), net income fell 25% y-o-y to P590 million, or earnings per share of P0.08. Earnings before interest and taxes for the quarter was lower by 18% y-o-y to P811 million.
Coconut oil experts Dr. Mary Newport of Spring Hill Neonatology and Dr. Fabian Dayrit of Ateneo de Manila University have released a report on the potential of coconut oil in fighting viruses, and possibly the Novel Coronavirus.
D&L Polymers & Colours, Inc. (DLPC) and First in Colours, Inc. (FIC), fully-owned subsidiaries of D&L Industries, are ready to provide business solutions to companies given the potential ban on single-use plastics.
D&L Industries’ recurring income reached P2.0 billion, or earnings per share of P0.28, in the first nine months of 2019 (9M19). This is 15% lower than last year. Earnings before interest and taxes was lower by 10% at P2.7 billion. In the third quarter alone (3Q19), net income fell 29% y-o-y to P617 million, or earnings per share of P0.09. Earnings before interest and taxes for the quarter was lower by 21% y-o-y to P849 million.