D&L Industries Inc. (DNL) expresses optimism regarding its earnings prospects for 2025, driven by factors such as easing inflation, lower interest rates, and a sustained economic recovery. The company anticipates a boost from the upcoming midterm elections and the recovery of the tourism and hospitality sector.
D&L Industries Inc. (DNL) is optimistic about its earnings prospects for 2025, citing easing inflation, lower interest rates, and a continued economic recovery. The upcoming midterm elections in May are also expected to contribute to this positive outlook. DNL President Alvin Lao attributes this optimism to easing inflation and interest rates, increased spending anticipated due to the midterm elections, and the expected recovery of the tourism and hospitality sector.
\Lao remarked that recovery signs are becoming apparent following the inflationary pressures of the past two years and the Covid-19 pandemic. He highlighted the significant surge in rice prices, noting the impact on consumer spending power. With inflation now trending downward, Lao expects this to provide consumers with more disposable income, further stimulating economic growth and increasing demand for D&L's products. \The upcoming midterm elections are also projected to boost spending, and the tourism and hospitality sector, heavily affected during the pandemic, is showing signs of recovery with international tourist numbers anticipated to fully rebound this year. \D&L stands to benefit from the government's decision to increase the biodiesel blend to 4 percent from 2 percent in October 2024 and to 4 percent starting October 2025. This policy change has driven demand for biodiesel, prompting the company to scale up production. Lao indicated that D&L plans to increase production capacity from 40 percent to 60 percent, potentially exceeding 60 percent due to other suppliers' inability to meet the growing demand. \The company anticipates increased orders from oil companies as the new biodiesel mandate takes full effect. Lao predicts sales acceleration in the third quarter as orders typically surge two months before implementation. \D&L remains confident that its strategic positioning and favorable economic conditions will lead to improved earnings this year. The company reported a net income of P1.81 billion in the first nine months of 2024, slightly exceeding the P1.79 billion recorded in the same period of 2023, while revenues grew to P29.8 billion from P24.7 billion previously. DNL shares rose 5 centavos, or 0.84 percent, to P6.00 apiece on Friday
ECONOMY INFLATION BIODIESEL EARNINGS TOURISM
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