Chemical, food maker posts record 2022 income


D&L Industries has registered record-high earnings in 2022 amid volatilities and challenges in the global economy.

The company is Filipino-owned food and is a chemicals, plastics and consumer product manufacturer.

In a virtual briefing on Wednesday, president and chief executive officer (CEO) Alvin Lao said the company recorded P3.3 billion net income last year, exceeding the previous record of P3.187 billion hit in 2018.

“Just when we thought that we are at the tail-end of the challenges brought about by the pandemic, 2022 presented a fresh set of challenges which were mostly on the macroeconomic front. Nonetheless, our record earnings this year demonstrated the resilience that we have built over the years through the various crises that we have gone through,” he said.

For this year, Lao aims for continued improvement in their earnings after noting that the number of coronavirus disease 2019 (Covid-19) cases have declined, supply chain issues have been addressed, the peso has stabilized and prices of raw materials have done down.


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