D&L Industries, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 02:48 am EDT
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D&L Industries, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was PHP 7,815.76 million compared to PHP 12,328.53 million a year ago. Net income was PHP 645.61 million compared to PHP 938.39 million a year ago. Basic earnings per share from continuing operations was PHP 0.09 compared to PHP 0.13 a year ago. Diluted earnings per share from continuing operations was PHP 0.09 compared to PHP 0.13 a year ago.
For the six months, revenue was PHP 16,229.96 million compared to PHP 22,324.11 million a year ago. Net income was PHP 1,239.85 million compared to PHP 1,718.25 million a year ago. Basic earnings per share from continuing operations was PHP 0.17 compared to PHP 0.24 a year ago. Diluted earnings per share from continuing operations was PHP 0.17 compared to PHP 0.24 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.
D&L INDUSTRIES, INC. 
