Lao family-led DandL Industries Inc. saw an 8-percent growth in its January to September bottom line despite the recent price spikes in coconut oil, a key material for the group.
In a virtual briefing, DandL president and CEO Alvin Lao said the firm’s net income reached P1.95 billion, higher than the P1.81 billion booked in the same period last year.
Sales likewise jumped 40 percent to P41.29 billion from P29.48 billion.
‘We do see 2025 being a challenging year, but because of the foundation that we have, investments in RandD (research and development) and a new plant in Batangas, we are able to weather the storm,’ Lao told reporters.
Volume growth
Although coconut oil prices hit its record-high of nearly $3,000 per metric ton in the third quarter, the executive said DandL’s overall volume growth ‘remained resilient.’
During the January to September period, total volume climbed 11 percent year-on-year, helped by both high-margin specialty products and commodities.
The group’s export business had also lifted DandL’s performance, with its revenues increasing by 20 percent to P11 billion.
DandL reiterated that its export business would continue to fuel its growth despite the controversial tariff policies of the United States.