D&L Industries, Inc. Reports Earnings Results for the First quarter Ended March 31, 2021
May 14, 2021 at 02:05 am EDT
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D&L Industries, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was PHP 7,003.998 million compared to PHP 5,671.957 million a year ago. Operating income was PHP 878.967 million compared to PHP 719.228 million a year ago. Net income was PHP 694.899 million compared to PHP 514.560 million a year ago.
D&L Industries, Inc. is a Philippines-based holding company. The Company, through its subsidiaries, operates in four segments: Food ingredients segment, which is engaged in manufacturing a line of industrial fats and oils, specialty fats and oils, and culinary and other specialty food ingredients; Colorants and plastic additives segment, which manufactures a line of pigment blends, color and additive master batches, and engineered polymers for a range of applications; Oleochemicals, resins and powder coatings segment, which manufactures coconut methyl ester, other oleochemicals or chemicals derived from vegetable oils, resins, such as polystyrene, acrylic emulsions and polyester, and a line of powder coatings; Aerosols segment, which manufactures aerosol cans and components, and provides contract aerosol filling and compounding services, and Management and administrative segment, which provides goods and services through a contractual shared services model.