Trump's tariffs worry D&L

D&L Industries Inc., the country’s top specialty food ingredients and oleochemicals producer, remains optimistic that the surge in its exports will continue to be a key growth driver, although it is exercising caution due to the uncertainties surrounding the United States’ (US) tariff policies.

- By JAMES A. LOYOLA

In a media briefing, D&L President and Chief Executive Officer (CEO) Alvin D. Lao said the firm’s recurring income grew 10 percent to P681 million in the first quarter of 2025, driven by continued growth in exports, higher biodiesel sales, and ramp-up of operations at its Batangas plant.

Exports continued their positive momentum in the first quarter of 2025, booking total sales of P4.8 billion, which is higher by 69 percent year-on-year. Meanwhile, export gross profits jumped by a whopping 90 percent year-on-year over the same period.