August 26, 2021 - D&L Industries has secured approval from the Securities and Exchange Commission (SEC) for its maiden bond offering. The company plans to issue a base offer of up to P3 billion with an oversubscription option of up to P2 billion with a tenor of 3 and/or 5 years. The offer period will run from September 1 to September 6, 2021 while issue and settlement date will be on September 10, 2021. Philratings rated the bonds PRS Aaa with Stable Outlook, the highest rating assigned by the agency. D&L tapped Chinabank Capital as the sole issue manager, lead underwriter, and sole bookrunner.
August 11, 2021 - D&L Industries’ strong recovery continued in the second quarter of 2021 (2Q21), with earnings growing +134% year-on-year to P671 million. This brings earnings for the first half of the year (1H21) to P1,395 million, +74% YoY. All segments posted significant recovery YoY with consolidated income already at pre-COVID level. Earnings before interest and taxes was higher by 48% YoY.
August 4, 2021 - The earliest start of commercial operations (SCO) for D&L Industries’ Batangas plant will be moved to May 2022 following an SCO extension granted by the Board of the Philippine Economic Zone Authority (PEZA) to D&L Premium Foods Corp (DLPF) during its 23 July 2021 meeting.
Philippine Rating Services Corporation (PhilRatings) assigned an Issue Credit Rating of PRS Aaa, with a Stable Outlook, for D&L Industries, Inc.’s (D&L) proposed P3.0 billion maiden bond issuance, with an Oversubscription Option of up to P2.0 billion.
July 08, 2021 - D&L Industries is currently participating in a vaccination drive initiated by Mayor Joy Belmonte and the Quezon City Local Government Unit (LGU). The objective is to hasten the vaccination of more Filipinos at the soonest possible time. The partnership featured the Quezon City LGU supplying the vaccines and supervision at the venue provided by Ever Gotesco, while D&L contributed the medical team. The partnership has conducted three weekend vaccination drives so far and eyes organizing further vaccination schedules in the coming weeks, as additional vaccines become available.
June 07, 2021 – D&L Industries declared today a regular cash dividend of P0.141 per share plus a special cash dividend of P0.05 per share to shareholders of record as of June 21, 2021. Ex-date is on June 16, 2021 and payment will be made on July 15, 2021.
May 5, 2021 - D&L Industries’ recovery continued in the first quarter of 2021 (1Q21), with earnings growing 35% year-on-year (YoY) and 9% quarter-on-quarter (QoQ) to P695 million. All segments posted significant recovery YoY with consolidated income tracking ahead of FY19 income, albeit still slightly behind FY18 income. Earnings before interest and taxes was higher by 22% YoY to P879 million.
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.
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.
November 9, 2020 - 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.