SUMMARY
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MANILA, Philippines – Publicly listed D&L Industries Inc., a manufacturer of food additives and specialty plastic colorants, registered a 34% growth in its 2012 net income to P1.33 billion, owing to a one-time gain from the sale of land.
Excluding this gain, D&L said in a statement its recurring income hit a record high of P1.03 billion, up 4% from 2011.
Sales however fell 15% to P10.88 billion as the company shifted focus from big volume, low-margin vegetable oils to high-margin specialty products.
D&L is a Filipino company engaged in product customization and specialization for the food, plastics, and aerosol industries. The company’s principal business activities include manufacturing of customized food ingredients, specialty raw materials for plastics, and oleochemicals for personal and home care use. – Rappler.com
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