SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Mar 1, 2024

2. SEC Identification Number

44852

3. BIR Tax Identification No.

000-421-957-000

4. Exact name of issuer as specified in its charter

D&L Industries, Inc.

5. Province, country or other jurisdiction of incorporation

Metro Manila, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

65 Calle Industria, Bagumbayan, Quezon City Postal Code 1110

8. Issuer's telephone number, including area code

(02) 8635-0680

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON	7,142,857,990

11. Indicate the item numbers reported herein

-

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

D&L Industries, Inc.DNL

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Clarification of News Report

Source	BusinessMirror (Online Edition)
Subject of News Report	Plant expenses, inflation dent D&L income
Date of Publication	Mar 1, 2024

Clarification of News Report
This refers to your communication received today seeking clarification or confirmation of the news article entitled “Plant expenses, inflation dent D&L income” posted in BusinessMirror (Online Edition) on March 1, 2024. The article reported in part that: “Chemical manufacturer D&L Industries Inc. said its income fell 31 percent to P2.29 billion in 2023, from the previous year’s P3.31 billion largely due to higher interest and depreciation expenses associated with its Batangas plant and the lingering effects of high inflation. Lao said he expects this year’s income to grow between 10 and 15 percent as its new plant has started to contribute to earnings. ‘On a macro level, there are at least three catalysts on the horizon to look forward to in 2024—moderating inflation, prospects of lower interest rates and the planned implementation of a higher biodiesel blend by July,’ he said. . . . . ” We would like to clarify that D&L has not yet set any firm growth targets for this year’s earnings. What was mentioned was that D&L is initially looking at a low double-digit earnings growth given the three catalysts cited in the news article.
Other Relevant Information
None