Nov 08, 2023 / NTS GMT
Alvin Dim Lao - D&L Industries, Inc. - CEO, President & Executive Director
Hello, and good morning to everyone. Welcome to the results presentation for the first 9 months of the year for D&L Industries.
Okay. Let's get started. So our highlights. So it was this quarter when we started the commercial operations of our new plant in Tanauan in Batangas. So our first invoice was issued in July of this year.
For the first 9 months of the year, our earnings or net income came in at PHP 1.8 billion, which is down 29% year-on-year. However, excluding expenses related to the new plant, our earnings were down by 11% to PHP 2.3 billion. We did see in the third quarter that things did show some improvement compared to the second quarter. For example, quarter-on-quarter, there was higher volumes for our high-margin specialty products as well as for our commodity segments. And we also saw the earnings, excluding the expenses from the Batangas plant earnings, were up quarter-on-quarter by 11%. And we'll go into more details in the next couple of slides.
So we're confident that we will
Q3 2023 D&L Industries Inc Earnings Call Transcript
Feb 13, 2024
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