THE shares of manufacturer D&L Industries Inc. (DNL) inched up last Friday or by 2 percent from its previous price on Aug. 26, 2022, from P7.49 to P7.64.
The company's highest closing price over a 52-week period was at P9.45 per share on Dec. 31, 2021, while its lowest closing price was P6.50 per share on June 23, 2022. Its net profits over the past three years were as follows: P2.62 billion in 2019; P2.01 billion in 2020; and P2.64 billion in 2021.
DNL is part of the country's manufacturing sector that grew in August based on in the latest Standard and Poor's manufacturing purchasing managers' index, or to 51.2 from July's 50.8.
Moreover, the company has remained committed to its Batangas expansion, which is set to start commercial operations in January 2023. As the company invests in the future and envisions a facility fully teched-up to the highest standards, DNL made several additions and upgrades to the original plan, which resulted in an increase in the budgeted capital expense from P9.1 billion to P10.2 billion. DNL had also already begun the construction of the new plant in 2018, which was before the pandemic started.
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The facility will mainly cater to DNL's growing export businesses in the food and oleochemicals segments and will add the capability to manufacture downstream packaging, thus allowing the company to capture a bigger part of the production chain.
According to the Philippine Stock Exchange directory, DNL was incorporated on July 27, 1971 primarily as the holding company for a group of companies with interests in the customization, development and manufacturing of food ingredients, colorants, additives, engineered polymers, aerosol products, oleochemicals, resins and powder coating. The company also renders management and administrative services to subsidiaries and affiliate companies.
DNL has four principal business lines, namely food ingredients; colorants and plastics additives; oleochemicals, resins and powder coatings; and consumer products original design manufacturing. DNL also manufactures a range of related products, including insect control, industrial maintenance chemicals, and home and personal care products, among others.