Published by
Philippine Star
Philippine Star
MANILA, Philippines — Listed food ingredients and chemicals manufacturer D&L Industries Inc. grew its earnings by 12 percent in the first quarter to P780 million, the highest income the company has achieved in three years despite an Omicron surge in January and skyrocketing commodity prices. D&L said the better-than-expected earnings came mainly from the strong performance of its Oleochemicals division and exports, which more than offset the drag from the Omicron surge. Sales jumped by 43 percent to P9.99 billion. “Considering the surprise turn of events in the early part of the year such as t…