C05268-2024 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
---|---|---|
Common | 2,274,768,615 |
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 |
---|
Chelsea Logistics and Infrastructure Holdings Corp.'s 2023 Financial Performance |
Background/Description of the Disclosure |
Chelsea Logistics and Infrastructure Holdings Corp. reports significant financial growth and strategic achievements for the fiscal year ending December 31, 2023. The Chelsea Group recorded a total revenue of Php7.05B, marking a 10% increase from the previous year's Php 6.43B. This growth generated a Gross Profit of Php1.45B, a substantial increase from Php791M in 2022, reflecting improved operational efficiencies and strategic cost management. Gross margins substantially widened from 12% to 21%, the widest Gross Margin achieved since the COVID-19 pandemic. This resulted in the Company successfully reducing its Net Loss by 55%, reporting a loss of Php 1.14B compared to P 2.53 M in 2022, despite challenges in the broader economic environment. |
Other Relevant Information |
n/a |
Name | Ma. Henedina San Juan |
---|---|
Designation | AVP Legal and Corporate Affairs/Corporate Secretary |