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D&L Industries Inc., the country’s top specialty food ingredients and oleochemicals producer, expects exports to account for 50 percent of total revenues in two to three years as it continues to ramp up the capacity of its newly-built manufacturing plant in Batangas province.
“Over the longer-term, we have a lot of confidence that the new investments that we have made over the past years will pave the way for higher and more sustainable profit growth,” Lao said. Exports recovered sharply in the first three months of the year with revenues up by 39 percent year-on-year, bringing the export contribution to total sales almost at a record high of 32 percent for the period.“With the new capabilities and capacity that the Batangas plant brings, D&L reasonably expects that it will be able to achieve its goal of having exports account for at least 50 percent of total revenues in the next couple of years,” said Lao.
Shareholders of record as of June 19 are entitled to the dividend. Ex-date is June 18 and payment will be made within 30 days of the dividend declaration or on July 3.
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