Overall, D&L stated

Overall, D&L stated internet profits margin compressed by way of eleven percent.

The corporation’s stability sheet remained strong, with net gearing at a modest 15 percent and secure interest cover at 25 times. As of cease-March 2017, internet debt stood at P2.2 billion.

“Our enterprise continues to peer growth across all segments,” President and Chief Executive Officer Alvin Lao said.

Food substances phase sales were better by way of 56 percentage at P3.6 billion, fuelled through the robust boom in subtle vegetable oils (commodity) and forte fat and oils sales.

Its oleochemicals institution published revenue boom of 17 percentage to P1.9 billion.

Specialty plastics revenues grew 5 percentage to P683 million particularly on better common selling price given higher raw material prices.

The aerosols organization posted the very best net income boom for the length at 73 percent, driven by using 27 percent quantity growth and margin enlargement.

“The enterprise expects the segment’s sturdy increase momentum to retain as aerosol penetration within the Philippines stays low. Moreover, the segment ought to enjoy the increasing customer demand across all categories, due to growing tiers of disposable earnings in the usa,” D&L stated. LISTED transport and logistics firm 2GO Group Inc. Mentioned an 8 percent drop in first quarter net profits to P267.6 million from P290.9 million within the identical quarter last 12 months as higher gasoline charges jacked up fees.

“The Group become greatly suffering from the upward thrust in gas charges in 2017 compared to 2016,” the corporation stated in a disclosure to the Philippine Stock Exchange on Tuesday.
“All other charges and expenses have been usually saved at bay,” it said.

Total consolidated revenues rose 17 percent to P4.Nine billion from the previous 12 months’s P728 million because of an growth in carrier services and better volumes of both shipment and passenger vessels. Operating profits multiplied 8 percent to P516.Four million from P478.3 million aided by way of its e-commerce commercial enterprise.
Expenses rose almost 18.5 percent, from P3.8 billion within the first quarter of 2016 to P4.5 billion inside the first area of this 12 months in particular because of rising gasoline expenses because of extended demand within the international oil market and manufacturing cuts via oil-generating international locations, the corporation said. SINGAPORE: Singapore sovereign wealth fund GIC said Tuesday it has sold, at a loss, almost half its stake in Swiss financial institution UBS, which it sold early inside the international economic disaster.

GIC stated in a assertion it become “disenchanted” with the loss however brought that situations had modified since it offered the stake and it now made sense to invest the money some other place.