Chelsea cuts loss; DITO CME incurs P1.8-B loss

Chelsea cuts loss; DITO CME incurs P1.8-B loss

DENNIS A. Uy’s DITO CME Holdings Corp. incurred an attributable net loss of P1.81 billion for the third quarter, a reversal of its P14.64-million profit in the same period last year. Chelsea Logistics and Infrastructure Holdings Corp., his shipping and logistics company, cut its attributable net loss for the quarter to P1.13 billion from a loss of P1.32 billion in 2020.

In a stock exchange filing on Tuesday, DITO CME said it consolidated the financials of DITO Telecommunity Corp. into the company in the third quarter of the year, making it part of the reporting of its financial results.

 

Zaila Tumale

Recent Posts

Chelsea Logistics Achieves Record PhP 8 Billion Revenues in 2024

Chelsea Logistics Achieves Record PhP 8 Billion Revenues in 2024 Strategic Digitalization and Social Initiatives…

2 months ago

Chelsea Travel Marks Third Anniversary with Exciting ‘AmaSEAng Raffle’—Win PhP 30,000!

Chelsea Travel Marks Third Anniversary with Exciting 'AmaSEAng Raffle'—Win PhP 30,000! Chelsea Logistics, the shipping…

2 months ago

Chelsea Logistics successfully rebounds with positive net income in 2024

Chelsea Logistics successfully rebounds with positive net income in 2024 Consolidated revenues reach PhP 8.007…

2 months ago

Chelsea Logistics Partners with Xendit to Enhance Online Travel Payment Experience

Chelsea Logistics, one of the leading shipping and logistics companies in the Philippines, has intensified…

4 months ago

Strengthening Tomorrow’s Leaders Through Education

SDG 4 Quality Education In July 2024, Starlite Ferries Inc. and Starbites Food Services Corp.…

11 months ago

Starlite Ferries launches new route: Cebu-Tagbilaran-Larena-Oroquieta route

29 April 2024 Starlite Ferries, Inc. a subsidiary of Chelsea Logistics and Infrastructure Holdings, Inc.,…

1 year ago