D&L Sees Faster Growth in Net Earnings This Year

D&L Industries Inc., the country's leading specialty food ingredients and oleochemicals producer, is upbeat about its prospects in 2025, with the company expecting faster earnings growth compared to last year.

- Richmond Mercurio

D&L president Alvin Lao said the company's optimism is driven by easing inflation and interest rates, coupled with higher spending due to the mid-term elections.

According to Lao, the company benefits when the economy is doing well. He said D&L's profitability has been challenged in the last two years given the impact of high inflation on consumers' spending.

"If you look at how prices went up so much, especially during COVID-19, everything was very expensive. For consumers, their pockets really got hurt," Lao said.