Industry

D&L profit jumps 25% in Q3

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Philippine Star

The Philippine Star November 18, 2021 | 12:00am MANILA, Philippines — D&L Industries saw earnings surpass pre-pandemic levels, surging by 25 percent in the third quarter largely due to lower interest expenses and foreign exchange gains. This brings its nine-month income to P2.16 billion, up 57 percent from the same period a year ago. Since the company’s exports are mostly denominated in dollars, the peso depreciation in the third quarter resulted in D&L exports having a higher peso value. Lower corporate taxes provided by the CREATE Law had a positive four percent impact on the company’s nine-…

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