Lower losses, operational improvements sustained

Lower losses, operational improvements sustained

Chelsea Logistics and Infrastructure Holdings Corp. trimmed its net loss by 7% in the first half of 2022 to P1.004 billion from P1.074 billion a year ago as revenues from most divisions climbed.

Revenue from the passage segment surged six times to P517 million due to easing of travel protocols, which increased passenger volume during the period.

 

Zaila Tumale

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