D&L Industries posts record 2014 profit

FOOD ingredients and specialty plastics manufacturer D&L Industries Inc. posted record earnings in 2014 on the back of strong sales, with net income breaching the P2 billion mark and revenues hitting more than P20 billion.

This is the “first time the company exceeded the P20 billion mark for revenues and P2 billion for net income,” Alvin Lao, D&L chief financial officer (CFO), said in a briefing, adding that bottom line was also boosted by the consolidation of Chemrez Technologies Inc. into its books.