D&L expects  normalization  of capex

- Advertisement -

D&L Industries Inc. expects a normalization of its capital expenditures after completing its Batangas plant last year, banking on the growth momentum the new facility will bring in.

Alvin Lao, D&L president, said the Batangas plant has surpassed its first-year export commitment to the Philippine Economic Zone Authority (PEZA) as of February.

Lao said Natura Aeropack Corp. (NAC) and D&L Premium Foods Corp. (DLPF), D&L’s wholly-owned subsidiaries operating the Batangas facility, have delivered 175 percent of their export commitment to date, combined.

- Advertisement -

“To date, the new plant has successfully fulfilled several orders for both local and export customers. Several audit and certification processes are ongoing in order to on board more customers,” Lao said.

This is expected to improve the company’s performance.

As of end-December 2023, D&L profit stood at P2.3 billion, a 31 percent drop from the prior year’s P3.32 billion, attributed to higher interest expense and operating expenditures to jumpstart the operation of the Batangas plant.

 

Author

- Advertisement -

Share post: