Aug 11, 2021 / 12:00AM GMT
Alvin Dim Lao - D&L Industries, Inc. - CEO, President & Director
(technical difficulty)
a good rise in net income. And then fifth, our exports are continuing to do quite well with revenue higher by 70% year-on-year and contribution of exports to overall revenue at around 1/3.
Okay. Next slide, please. Okay. So here, we see the annual income from 2014. So you see there is a dip in 2019 and 2020. On the right of that, you see higher income in first half as well as the second quarter year-on-year.
Okay. Next, please. Some details. So comparing first half year-on-year, higher by 74%. Second quarter year-on-year, higher by 134%. Quarter-on-quarter, net income is lower in the second quarter versus the first quarter. But take a look at interest expense. Interest expense is higher in the second quarter. So that did have an impact. We are -- we did borrow more in the second quarter, added debt mostly from the increased spending for our expansion in Batangas.
But I believe EBIT for the second quarter versus first quarter was lower by a smaller amount, I think, roughly 2
Half Year 2021 D&L Industries Inc Earnings Call Transcript
Feb 13, 2024
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