D&L Says Export Sales Set to Reach 50% of Revenue - BusinessWorld Online

D&L says export sales set to reach 50% of revenue - BusinessWorld Online

LISTED specialty food ingredients and oleochemicals manufacturer D&L Industries, Inc. said it expects to sustain profitability as it remains on track to meet its target of having export sales account for 50% of total revenue over the medium term. D&L President and Chief Executive Officer Alvin D. Lao said during a virtual media briefing on Monday that the company’s cash flow is expected to remain “healthy” as it continues to expand its presence …

D&L expects profit growth, assures strong dividends amid export push

D&L Industries Inc., the country’s top producer of specialty food ingredients and oleochemicals, expects its profitability to continue growing in the coming years as it ramps up exports, giving it confidence that it will sustain its strong dividend payouts.In an online media briefing after the firm’s annual stockholders’ meeting, D&L President and CEO Alvin D. Lao said cash flow will continue to be healthy and “we do expect profitability to cont…