May 5, 2022 – D&L Industries’ recurring income reached P594 million, or earnings per share of P0.08, in the first quarter of 2023 (1Q23). While earnings were lower by 24% YoY in 1Q23, there was a sharp pick up in earnings in March, up 62% and 26% compared to earnings in January and February, respectively. On the gross profit level, D&L managed to book a 4% increase YoY to P1.4 billion on the back of better sales mix and higher blended gross profit margin (GPM) for the quarter.