Aug 05, 2020 / NTS GMT
Alvin Dim Lao - D&L Industries, Inc. - CEO, President & Director
Good morning, everyone. Welcome to the results presentation for D&L Industries. My name is Alvin Lao. I am the CEO of D&L. Together with me are my colleagues, Crissa Bondad, Investor Relations Manager; and Ainslee Lao. So thanks for coming, and we can start.
So the main points of the presentation this morning. Our first half net income came in at PHP 802 million. Revenues were down by 8% year-on-year. One bright thing that we've seen is that export sales are up by quite a good amount risk during the lockdown, in fact, increasing by 41% year-on-year. And later on, we will go into more details. Export contribution to total sales is currently at 31%. Admittedly, the sales mix has tilted towards commodities more as demand during the lockdown has really just focused on very basic raw materials.
In terms of financial standing, still pretty much the same from the first quarter, net gearing at 8%. We have, however, seen improvements in our cash conversion cycle.
So in terms of net income, we're down by 43%
Half Year 2020 D&L Industries Inc Earnings Call Transcript
Feb 13, 2024
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