D&L net income grows 12% to P2.3B

LISTED D&L Industries Inc., the country’s largest customized food ingredients and oleochemicals firm, is targeting to continue its double-digit growth this year after posting net income growth of 12 percent to P2.28 billion in 2015.

In a press briefing on Tuesday, D&L executive vice president and chief finance officer Alvin Lao said the company expects profit growth to be across the board as all their businesses are expected to benefit from the momentum set during the second half of last year.