CR05849-2024

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended
Jun 30, 2024
2. SEC Identification Number
152897
3. BIR Tax Identification No.
201-128-653-000
4. Exact name of issuer as specified in its charter
Harbor Star Shipping Services, Inc.
5. Province, country or other jurisdiction of incorporation or organization
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
2224 A. Bonifacio St., cor. Pres. Sergio Osmeña Highway, Brgy. Bangkal, Makati City Postal Code 1233
8. Issuer's telephone number, including area code
(+632) 8886-3703
9. Former name or former address, and former fiscal year, 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 894,586,870
Treasury 13,271,000
11. Are any or all of registrant's securities listed on a Stock Exchange?
Yes
No
If yes, state the name of such stock exchange and the classes of securities listed therein:
PHILIPPINE STOCK EXCHANGE, COMMON
12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes
No
(b) has been subject to such filing requirements for the past ninety (90) days
Yes
No

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.

Harbor Star Shipping Services, Inc. TUGS

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended Jun 30, 2024
Currency (indicate units, if applicable) PHP in Thousand
Balance Sheet
Period Ended
Fiscal Year Ended (Audited)
Jun 30, 2024 Dec 31, 2023
Current Assets 2,319,007 1,990,450
Total Assets 7,405,242 7,133,402
Current Liabilities 1,321,411 1,303,770
Total Liabilities 5,055,452 5,045,958
Retained
Earnings/(Deficit)
300,173 52,269
Stockholders' Equity 2,349,791 2,087,444
Stockholders' Equity - Parent 2,318,893 2,069,329
Book Value per Share 2.59 2.31
Income Statement
Current Year
(3 Months)
Previous Year
(3 Months)
Current Year-To-Date
Previous Year-To-Date
Gross Revenue 841,944 715,922 1,390,683 1,375,022
Gross Expense 680,992 599,761 1,185,728 1,131,791
Non-Operating Income 176,498 43,827 179,933 44,229
Non-Operating Expense 55,721 71,336 124,775 146,842
Income/(Loss) Before Tax 281,728 88,652 260,113 140,618
Income Tax Expense - 2,225 451 4,145
Net Income/(Loss) After Tax 281,728 86,427 259,663 136,473
Net Income Attributable to
Parent Equity Holder
241,816 91,906 222,122 141,141
Earnings/(Loss) Per Share
(Basic)
0.27 0.1 0.25 0.16
Earnings/(Loss) Per Share
(Diluted)
0.27 0.1 0.25 0.16
Current Year (Trailing 12 months)
Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic) 0.38 0.35
Earnings/(Loss) Per Share (Diluted) 0.38 0.35
Other Relevant Information

The amended was made to correct the Stockholders' Equity (Parent) figure.

Filed on behalf by:
Name Charlene Ang
Designation Corporate Secretary