Newly-listed Chelsea Logistics Holdings Corp. (CLC) posted a net income of P399.8 million in the first half of 2017, up 93 percent from P207 million a year earlier. In a disclosure to the Philippine Stock Exchange on Friday, CLC said it was able to realize "the full benefit of deploying vessels acquired in late 2016 and those previously dry docked as well as recognized its share in the earnings of 2GO Group Inc." Revenue stood at P1.536 billion, up 9 percent from P1.404 billion, driven by an increase in freight revenues. ?The bright prospects of the shipping and Logistics industry amid increased trade opportunities within and outside the country alongside our efforts to make our operations more efficient and better keep us on track of our growth trajectory," CLC chairman Dennis Uy said. ? Ted Cordero/GMA News
08-26-2017, 10:41 PM
Chelsea Logistics posts P3990-M net income in H1, up 93%
Newly-listed Chelsea Logistics Holdings Corp. (CLC) posted a net income of P399.8 million in the first half of 2017, up 93 percent from P207 million a year earlier. In a disclosure to the Philippine Stock Exchange on Friday, CLC said it was able to realize "the full benefit of deploying vessels acquired in late 2016 and those previously dry docked as well as recognized its share in the earnings of 2GO Group Inc." Revenue stood at P1.536 billion, up 9 percent from P1.404 billion, driven by an increase in freight revenues. ?The bright prospects of the shipping and Logistics industry amid increased trade opportunities within and outside the country alongside our efforts to make our operations more efficient and better keep us on track of our growth trajectory," CLC chairman Dennis Uy said. ? Ted Cordero/GMA News
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