Jan-Sept earnings flat at P1.81B due to new plant costs, D&L says

LISTED industrial firm D&L Industries Inc. reported a recurring income of P1.81 billion, just 1 percent higher than last year’s P1.79 billion, as incremental expenses from its newly commissioned lines at its Batangas plant weighed on its third-quarter earnings.

Net income for the third quarter fell 11 percent year on year to P493 million from P552 million.