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
Chelsea Logistics Swings into Net Profitability in 2Q2024 1H2024 EBITDA grows 43% YoY to P1.2 Billion
Background/Description of the Disclosure
Chelsea Logistics recorded a Net Profit of P68M for the second quarter of the year, the first time it registered a positive quarterly Net Profit since the pandemic. EBITDA for the second quarter surged to P715M, a 45% increase from the same period last year. These results underscore the Company's unwavering commitment to operational efficiency and strategic expansion across all business segments.
In the first half of 2024, the Chelsea Group achieved consolidated revenues of P3.977B, marking an 11% growth compared to the P3.577B recorded during the same period last year. This revenue growth was driven by strong performances in the Passage, Chartering, Tugboats, and Logistics segments.