- | $DNL posted a 29% decline in net income to P617M during the 3-month period |
- | Total revenues in the nine months also fell 18% to P16.56B |
- | The company’s net income for 9 months in September 15% lower at P2.03B |
| A headache for $DNL |
$DNL posted a 29% decline in net income to P617 million during the three-month period as revenues slipped 20% to P5.52 billion.
Its four main business segments all saw declines in the first three quarters, led by its plastics and chemicals businesses, which saw an 18% and 16% drop in profits, respectively. Its food ingredients and aerosols business each fell 2% during the period as well.
November 6, 2019 9:46 am