D&L optimistic about hitting 10% profit target for 2025
'For now, we're sticking to double-digit growth… But, if anything, knock on wood, it seems we have a higher chance of exceeding rather than going below that income target,' said D&L president and CEO Alvin Lao at a virtual briefing.
'For last year, D&L's net income was P2.34 billion. For the first six months of 2025, we already hit P1.396 billion. So, if you just annualize that, it's roughly P2.8 billion; we're at something like 19% above last year's net income.''
He said that D&L is expecting to sustain the growth path towards the second half of 2025 'since inflation has gone down compared to the first semester' as well as amid expectations that interest rates will be cut further.
Lao added that the US tariffs will not have much impact on D&L's exports since the US market accounts for only 3% of its revenues, with 25% coming from its other export markets such as the Asia Pacific region, from China all the way down to Australia and New Zealand, as well as Europe, Latin America, and even Africa.
The company's first half earnings were mainly driven by the consistent quarterly profitability of the Batangas plant and the robust exports business amid elevated coconut oil prices. —VBL, GMA Integrated News
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