Aug 09, 2023 / 12:00AM GMT
Alvin Dim Lao - D&L Industries, Inc. - CEO, President & Executive Director
Good morning, everyone. Welcome to the results presentation for the first half for D&L Industries. So these are our highlights. We started commercial operations of our new plant a month ago. And this really marks a very transformational period for our company. Second bullet point, our first half earnings came in at PHP 1.2 billion, which is 28% lower than the previous year. Of course, this does not reflect the potential for our new plant. And if you were to exclude pre-operating expenses associated with the new plant, our first half earnings actually came in at PHP 1.5 billion, which is down by 13% year-on-year. And recovery continued actually with our second quarter earnings being 9% higher compared to the first quarter. So second quarter earnings came in at PHP 646 million.
Other good news is that blended gross profit margins also came in higher at 17.7% this year in the first half versus 13% last year. We're also seeing very good improvement in our cash flow, lower debt levels as well as general signs of
Q2 2023 D&L Industries Inc Earnings Call Transcript
Feb 13, 2024
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