D&L appoints veteran corporate executive of the Ayala Group of companies as an independent director of D&L Industries.
November 10, 2021 – D&L Industries saw earnings recover strongly in the third quarter of 2021 (3Q21), with 3Q21 net income surging +25% vs. 3Q19 and 9M21 net income growing by +7% vs. 9M19. Year-on-year, 3Q21 net income grew by +34% to P768 million. This brings earnings for the first nine months of the year (9M21) to P2.163 billion, an increase of +57% YoY.
October 21, 2021 - D&L’s export business has continued to show robust growth amidst the pandemic. With exports sales in the first half of the year more than doubling vs pre-pandemic level in 2019 and increasing by 70% vs 2020, the company’s dollar inflow has already overtaken the dollar value of its imported raw materials. As such, from a net importer since practically its inception, the company has now become a net exporter of goods, and is positioned to marginally benefit from a stronger US dollar. As of the first half of the year (1H21), D&L’s export sales accounted for 33% of its total revenues. Meanwhile, imported raw materials accounted for 47% of total raw material costs.
September 24, 2021 - D&L Industries which prides itself on being an innovation powerhouse in the country, plans to continue to beef up its R&D investments to develop more innovative products even amidst the various uncertainties surrounding the pandemic. With its successful maiden bond offering worth P5 billion, the company has fully secured financing for its Batangas expansion plan. This new facility is envisioned to be a world-class manufacturing plant which boasts of its cutting edge R&D and innovation capabilities.