Q4 2021 D&L Industries Inc Earnings Call Transcript
Good morning, everyone. Can you all hear me?
Yes.
Okay. We can start? Okay. Good morning, everyone. Thanks for attending our results presentation for the full year for D&L Industries. So just to show you our cover slide for the deck, this is a picture taken about maybe 1 or 2 weeks ago of the construction in Batangas. So as you can see, it is going quite well. At least externally, a lot of the structure is almost done. Okay, without further ado, let's get the show on the road.
So next slide, please. So the highlights for our results. For 2021, we did achieve higher net income by 31% versus the previous year. And this is slightly ahead of pre-COVID 2019. We also saw our high margin specialty products, or HMSP, volume higher by 13% year-on-year in the fourth quarter due to lower quarantine levels. And
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