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Specialty food ingredients and chemicals manufacturer D&L Industries Inc. booked a 6% growth in its net income in the first half of 2024 as its Batangas plant turned profitable during the second quarter.In a disclosure to the Philippine Stock Exchange on Tuesday, D&L reported a net income of P1.316 billion in January to June, up 6% from P1.24 billion in the same period in 2023.
The company said the new plant’s earnings saw a consistent quarter-on-quarter improvement in operations, from a peak loss of P315 million in the first quarter of its commercial operations to breaking even in January to March and “finally being profitable this quarter.”D&L said its new plant has successfully fulfilled several orders for both local and export customers. Several audit and certification processes are ongoing in order to onboard more customers.
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