D&L Industries Inc. is optimistic about its prospects moving forward despite the challenging environment.
Alvin Lao, D&L president, expressed confidence on the export potential of its new Batangas plant .
“The third quarter marks the beginning of a new era in the history of D&L Industries, with the commercial operations of its new plant in Batangas which issued its first invoice last July,” Lao said.
“With capabilities upgraded to the highest standards and a footprint that will more than double the company’s existing manufacturing capacity,” he added.
D&L closed the first nine months of the year with a profit of P1.8 billion, down 29 percent from last year’s P2.54 billion.
Revenues hit P24.72 billion, down 27 percent from P33.9 billion, attributed to the effects of high inflation coupled with the incremental expenses related to the commercial operations of its Batangas plant.