LISTED industrial firm D&L Industries Inc. reported a recurring income of P1.81 billion, just 1 percent higher than last year's P1.79 billion, as incremental expenses from its newly commissioned lines at its Batangas plant weighed on its third-quarter earnings.
LISTED industrial firm D&L Industries Inc. reported a recurring income of P1.81 billion, just 1 percent higher than last year's P1.79 billion, as incremental expenses from its newly commissioned lines at its Batangas plant weighed on its third-quarter earnings.Net income for the third quarter fell 11 percent year on year to P493 million from P552 million.'What we are seeing now is the natural cycle of operating a new plant.
4 percentage points versus domestic sales.GPM for the export business was at 17.1 percent and 15.7 percent for domestic sales.'At current export growth levels, we believe we are still barely scratching the surface,' Lao said, adding they expect continued growth in exports amid a sustained focus on higher value-added products where D&L has a competitive export advantage.The operating companies behind D&L's Batangas plant, Natura Aeropack Corp. and D&L Premium Foods Corp.
Earnings Flat At P1.81B Due To New Plant Costs D&L Says
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PEZA: IT-BPM jobs triple from Jan-SeptEMPLOYMENT in information technology and business process management (IT-BPM) from January to September rose threefold, according to the Philippine Economic Zone Authority (PEZA). PEZA director general Tereso Panga noted the IT-BPM sector's significant growth as it offered 16,556 jobs compared to the 5,427 in the same period in 2023.
Read more »
BOC’s Jan-Sept collection falls P3B short of targetLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
AUB Jan-Sept profit surges 41% to P8.6BLISTED Asia United Bank (AUB) on Thursday reported a consolidated net income of P8.6 billion for the first nine months of 2024, up 41 percent from P6.3 billion a year ago and surpassing its 2023 full-year profit of P8.3 billion.
Read more »
PNB net jumps 12% to P15B in Jan.-Sept.LUCIO Tan-led Philippine National Bank (PNB) said consolidated net income from January to September this year jumped 12 percent to P15.1 billion from P13.5 billion last year on robust growth in net interest income.
Read more »
IMI narrows net loss to $9.2M in Jan-SeptAYALA-LED Integrated Micro-Electronics Inc. (IMI) managed to narrow its net loss to $9.2 million in the first nine months of 2024 from $85.26 million in the same period last year, even as it continued to navigate uncertainties in the automotive market and as its industrial customers right-sized their inventory levels.
Read more »
Foreign loan approvals up 36% to $3.81BAPPROVED foreign loans of the government in the third quarter (Q3) totaled $3.81 billion, or 36 percent higher than the $2.81 billion in the same period last year, the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) said in a report on Tuesday.
Read more »