D&L Industries, Inc. posted an 8% increase in first-half net income to P1.5 billion, supported by improving margins in its high-margin specialty products and a recovery in its food ingredients business, BusinessWorld reported.
The company said its results came despite persistent macroeconomic headwinds, which have pressured demand and costs across the manufacturing sector. The specialty products segment, which offers higher margins, played a key role in boosting profitability during the period.
The recovery in the food ingredients business also contributed to the earnings growth, signaling a rebound in that segment. D&L Industries is a listed manufacturer that continues to lean on value-added products to offset challenging market conditions.