D&L Industries Q1 recurring profit up 15% at P633M

LISTED food and plastics input manufacturer D&L Industries, Inc. reported a 15 percent increase in recurring net income in the first quarter of the year to P633 million on the back of strong domestic demand and accelerated export sales.

It said total revenues rose 35 percent to P6.3 billion, and export sales surged 73 percent, hitting a record high contribution to total sales at 24 percent compared to last year’s 18 percent.