D&L appoints veteran corporate executive of the Ayala Group of companies as an independent director of D&L Industries.
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.
September 2, 2021 - D&L’s maiden bond offering garnered strong support from fixed income investors as total bids received amounted to P13.8 billion, which is equivalent to 4.6x the base offer size of P3 billion. In light of the robust demand, D&L’s management expects the exercise of the oversubscription option of up to P2 billion. Upon full exercise of that option, the issue size will increase to P5 billion, composed of a P3 billion bond with a tenor of 3 years (Series A Bonds) and a P2 billion bond with a tenor of 5 years (Series B Bonds).
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.
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.
August 5, 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.
June 18, 2020 - D&L Industries has started seeing some recovery as restrictions due to the COVID-19 pandemic gradually ease in the country. This comes as Metro Manila and nearby provinces shifted from an Enhanced Community Quarantine (ECQ) to a Modified Enhanced Community Quarantine (MECQ) last May 15, and subsequently to a General Community Quarantine (GCQ) starting June 1.
March 20, 2020 - D&L Industries continues to fulfill its role in the Philippine manufacturing sector, remaining operational to prevent any disruption in the supply of raw materials in the food and sanitation chemicals industry. This comes amidst a challenging environment, with the entire Luzon Island recently placed under enhanced community quarantine.
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.
D&L Industries’ recurring income reached P1.41 billion, or earnings per share of P0.20, in the first six months of 2019 (1H19). This is 7.5% lower than last year.
D&L Industries’ recurring income reached P748 million, or earnings per share of P0.10, in first quarter of 2019 (1Q19). This is 1% higher than last year. Earnings before interest and taxes were higher by 4% at P990 million.
A group of college students won the CFA Global Challenge in New York with a study that encourages investing in the stocks of D&L Industries. In an interview with Michelle Ong on ANC’s morning show “Early Edition” last Monday, April 30, D&L Industries President and CEO Alvin Lao gave several reasons why.
D&L Industries’ recurring income reached P3.2 billion, or earnings per share of P0.45, in full year 2018 (FY18). This is 10% higher than last year.
D&L Industries subsidiary D&L Polymers & Colours, Inc. (DLPC) has received international certification for its Biorez line of compostable biopolymers or more commonly known as biodegradable plastics.
D&L Industries was named as Philippines’ Best Mid-Cap Company in FinanceAsia’s 19th Annual Poll. In addition, D&L was ranked 7th overall in Best at Investor Relations category.
D&L Industries has successfully renewed its ISO/IEC 17025:2005 accreditation from the Philippine Accreditation Bureau.
D&L Industries has started construction of its two new plants in a Special Economic Zone in Batangas. One for food ingredients and an integrated facility to manufacture oleochemicals and downstream packaging.
D&L Industries’ recurring income reached P2.4 billion, or earnings per share of P0.34, in the first nine months of 2018 (9M18). This is 13% higher than last year.
Jadel Holdings Co. Inc. (JHCI), the holding company of the Lao Family and the parent company of D&L Industries Inc. (DNL), will build a state-of-the-art research center that will be named Jadel Research Center (JRC).
D&L Industries' recurring income reached P1.53 billion, or earnings per share of 0.21, in the first six months of 2018
D&L Industries’ recurring net income reached Php1.35 billion, or earnings per share of P0.19, in the first six months of 2017. This is 7.5% higher than last year. Meanwhile, D&L also appoints Mr. Joselito P. Rivera as Chief Operating Officer at the last board meeting.
D&L Industries declared today a regular cash dividend of P0.205 per share plus a special cash dividend of P0.055 per share to shareholders of record as of June 20.
D&L Industries’ recurring net income reached P744 million, or earnings per share of P0.10, in the first three months of the year. This is 12.3% higher than last year. Earnings before interest and taxes were higher by 11.9% at P949 million.
D&L Industries’ recurring net income reached P2.9 billion, or earnings per share of P0.41, in full year 2017. This is 10.6% higher than last year. Earnings before interest and taxes were higher by 12.3% at P3.7 billion.
D&L Industries’ recurring net income reached P2.12 billion, or earnings per share of P0.30, in the first nine months of 2017. This is 10% higher than last year. Earnings before interest and taxes were higher by 10% at P2.71 billion.
D&L Industries was given the "Most Honored Company" recognition, which was given to 88 companies across Asia in 2017, including two other Philippine companies.
D&L Industries’ recurring net income reached P663 million, or earnings per share of P0.09, in the first three months of the year. This is 15% higher than last year. Earnings before interest and taxes were higher by 19% at P848 million.
The official announcement of the successful election of Corazon de la Paz-Bernardo and Lydia Balatbat Echauz as Independent Directors of the company.
D&L Polymer and Colours developed a key raw material used in the Hatchimals toy sensation.
D&L INDUSTRIES, Inc. realized 14% more earnings during the third quarter, with the aerosol business leading the growth and food ingredient exports accelerating through a supply deal with a United States-based firm for Asia and the Pacific.
D&L Industries’ recurring net income reached P1.93 billion, or earnings per share of P0.27, for the nine-month period ended September 30, 2016. This is 16% higher than last year. Earnings before interest and taxes were higher by 18% at P2.44 billion.
US-based consumer packaged goods (CPG) provider Ventura Foods is now eyeing the Asia-Pacific (Aspac) market since it expanded to the Philippines about a year ago and partnered with homegrown Oleo-Fats Inc. to produce and market its products throughout the region.
D&L Industries is the country's lone representative in the 2016 edition of Forbes' list of the 200 best performing small and medium-sized enterprises (SMEs) in Asia.
First half revenues were up 8%, primarily from higher sales volume across all businesses and partially from higher commodity prices in the second quarter, particularly of coconut oil. Volume growth accelerated quarter-on-quarter, led by specialty fats and oils, specialty ingredients, and oleochemicals.
Earnings were driven by the strong growth in Specialties on the back of increasing volume and expanding margins. As expected, specialty plastics volume led growth, post - port congestion. Specialties volume also saw double-digit growth in food ingredients, aerosols, and oleochemicals, as well as continued increase in margins.
D&L appoints veteran corporate executive of the Ayala Group of companies as an independent director of D&L Industries.