“While global uncertainties seem to be the dominant theme affecting business sentiment in the near-term, D&L remains unfazed and continues to focus on building resiliency and long-term growth strategies,” said the company, which makes food ingredients for the country’s leading fast food and restaurant groups.
Performance tied to Philippine consumption
Its products also include a wide array of industrial chemicals used by top consumer brands.
“Management believes that with D&L’s product portfolio, the majority of which cater to basic and essential industries, the company will continue to grow and be relevant in an ever-changing business environment and world trade order,” said D&L, which is led by president and CEO Alvin Lao.
“Over the longer-term, management has a lot of confidence that the new investments that the company has made over the past years will pave the way for higher and more sustainable profit growth,” it added.
Dividend payouts
D&L announced it will pay a total dividend of P0.213 per share, made up of P0.164 regular and P0.049 special, on July 2 to shareholders on record as of June 18.
The company has been paying special dividends every year since the pandemic began, keeping its payout at 65 percent of annual profit for three straight years.
D&L’s profits have continued to grow, with 2024 earnings up 2 percent to P2.3 billion. The Batangas plant, which turned profitable earlier than expected, added P246 million in net income last year.
D&L has returned P18.3 billion in cash dividends to shareholders since going public in 2012, plus a 100 percent stock dividend in 2015.
