D&L Industries, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 13, 2022 at 09:37 pm EST
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D&L Industries, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was PHP 11,578.01 million compared to PHP 7,626.53 million a year ago. Net income was PHP 909.8 million compared to PHP 768 million a year ago. Basic earnings per share from continuing operations was PHP 0.13 compared to PHP 0.11 a year ago. Diluted earnings per share from continuing operations was PHP 0.13 compared to PHP 0.11 a year ago.
For the nine months, revenue was PHP 33,902.12 million compared to PHP 21,531.35 million a year ago. Net income was PHP 2,540.3 million compared to PHP 2,162.94 million a year ago. Basic earnings per share from continuing operations was PHP 0.36 compared to PHP 0.3 a year ago. Diluted earnings per share from continuing operations was PHP 0.36 compared to PHP 0.3 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. 
