The company said net income after tax went up by 19 percent to P1.93 billion from P1.61 billion a year ago, while revenues jumped 10 percent to P5.95 billion. For the third quarter alone, net income grew 14 percent from a year ago to P671 million while revenues likewise increased by 14 percent to P5.67 billion. Lao said D&L will retain its 15 to 19 percent growth forecast for full-year 2016 net income given the strong performance of its businesses and export expansion. The increase in infrastructure spending has an impact in everything—more jobs being created, and more goods sold efficiently and cheaper. D&L was established in 1963 and was listed in December 2012.

Source: Manila Times November 08, 2016 16:13 UTC