D&L Industries Q1 net income rises 12%

Listed food ingredients and plastics manufacturer D&L Industries Inc., reported on Tuesday that its net income for the first quarter of 2016 increased by 12 percent to P576 million from the P512 million posted in the previous year, driven by the firm’s shift into higher margin specialty products.

In a disclosure to the Philippine Stock Exchange, the company noted that its revenues slightly decreased by 4 percent to P4.63 billion from the P4.83 posted in the same quarter of the previous year.