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)

Dec 1, 2016

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

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

65 Industria St., Bagumbayan, Quezon City Postal Code 1110

8. Issuer's telephone number, including area code

(02) 635-0680

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 or confirmation of the news article entitled “DNL eyes 15%-19% income growth in 2017”

Source	Business Mirror
Subject of News Report	DNL eyes 15%-19% income growth in 2017
Date of Publication	Nov 30, 2016

Clarification of News Report
This refers to your communication received today seeking clarification or confirmation of the news article entitled “DNL eyes 15%-19% income growth in 2017” posted in Business Mirror on November 30, 2016. The article reported in part that: “D AND L Industries Inc., a food ingredient and chemical manufacturer, is aiming to grow its net income by 15 percent to 19 percent next year, or almost the same pace as this year’s growth rate, even without a boost from election-related spending. ‘The elections are over, but people are realizing the economy has underlying strength. The fourth quarter is doing good, and we expect to grow earnings by 15 percent to 19 percent this year and next year if the economy’s growth continues,’ D and L President Alvin Lao said. . . . . Lao said the company is allotting about P345 million to P360 million for capital expenditures in 2017, up from the P300 million they would have spent by the end of this year. . . . .” We confirm that the above-quoted statements made by our President, Mr. Alvin D. Lao, are accurate.
Other Relevant Information
N/A