Nov 08, 2022 / 12:00AM GMT
Alvin Dim Lao - D&L Industries, Inc. - CEO, President & Director
Good morning, everyone. Thank you for joining us. We are here to present the Third Quarter Results of D&L Industries. I am Alvin Lao, the CEO and President of D&L.
Okay. Let's get going. So first bullet point, you can see there. We're happy to report that for the first 9 months of the year, we hit record earnings of PHP 2.5 billion, which is higher by 17% versus the year before. For the third quarter, we earned PHP 910 million, which is also a record, and that's higher by 18% compared to the previous year.
Second bullet point, our margins for our HMSP or high-margin specialty products has continued to recover and is -- so the HMSP margin is higher by 2.5% from the low that was hit in the first quarter of this year. The third bullet point, we did also see a good recovery in our return on equity and return on invested capital. So ROE is currently at 17%. ROIC is at 13.8%. Number four, with a strong momentum, we do see that earnings are on track to possibly exceed the full year income which we hit in 2018.
Nine month 2022 D&L Industries Inc Earnings Call Transcript
Feb 13, 2024
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