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
2,196,977,615
11. Indicate the item numbers reported herein
Item 9
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.
Chelsea Logistics and Infrastructure Holdings Corp.C
PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C) Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Financial Performance in 1Q EBITDA jumps 41% year on year and achieves quarterly operating profitability
Background/Description of the Disclosure
The company has shown strong growth and improved operations, setting a positive trajectory for the rest of the year.
The Chelsea Group reported consolidated revenues of P1.779 billion for the first quarter of 2024, marking a 4% increase from the P1.708 billion recorded in the same period last year. This growth was driven by the resurgence in the Passage, Chartering, Tugboats, and Logistics segments, as well as an increase in vessel activity. The Company achieved a gross profit of P304 million, up from P267 million in the previous year, resulting in a gross margin increase from 16% to 17%.