C03895-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 2,196,977,615 |
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.
Subject of the Disclosure |
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Chelsea Logistics' 1Q2023 results show continued operational improvement with Gross profits tripled year-on-year to P267 Million |
Background/Description of the Disclosure |
Chelsea Group's improved financial performance came from a combination of a substantial increase in Revenues as well as the continued strict enforcement of cost-containment measures. With Revenues up by 31%, Cost of sales and services only rose by 18%, allowing a 3.3x increase in Gross Profits this year. Gross profit margins more than doubled to 15.6% from 6.2% in the same period last year. |
Other Relevant Information |
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Name | Ignacia IV Braga |
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Designation | Vice President |