Mar 03, 2021 / NTS GMT
Alvin Dim Lao - D&L Industries, Inc. - CEO, President & Director
Good morning, everyone. Thank you for joining us. We're going to be discussing the results of D&L Industries for the full year 2020. So good morning, everyone. My name is Alvin Lao. I am the CEO and President of D&L. Together with me this morning is our Investor Relations Manager, Crissa Bondad; and our Finance and Investment Manager Officer, Ainslee Lao. So good morning, everyone.
Okay. Crissa, please go to next slide. So the highlights of our 2020 results. So you see that for the fourth quarter, we were able to increase net income by 8% compared to the fourth quarter of 2019. So this is pretty good news for us because 2019, we didn't have the pandemic or lockdowns yet. So it is a good reflection of indication that we may be seeing recovery already. Our second half net income results were at PHP 1.2 billion, which is 51% higher than the first half results. We were actually targeting to hit at least PHP 1 billion in net income for the second half. So we did better than that.
So similar to what we saw in the
Full Year 2020 D&L Industries Inc Earnings Call Transcript
Feb 13, 2024
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