D&L Industries Inc. (DNL) has P582.935 million in retained earnings, according to its 2021 annual audit. In 2020, the company had P567.956-million retained earnings.
Note 11.1 under equity showed "the company undertook a public offering of its common shares and 1 billion additional shares at P4.30 per share. As a result of the public offering, share premium amounting to P3.2 billion (net of issuance costs of P280.5 billion) has been recognized by the company as of Dec. 31, 2012. There are no follows on the offering after the company's IPO (initial public offering)."
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