Davao-based tycoon Dennis A. Uy’s Chelsea Logistics and Infrastructure Holdings Corp. grew first-half revenue by 12 percent to P5.22 billion, but net income plunged 97 percent to P6.9 million as financing costs surged.
Davao-based tycoon Chelsea Logistics Holdings reported its first profit in seven years thanks to the transfer of a 2.3-hectare property in Taguig City in Metro Manila to settle debts to the Sy family’s China Banking Corp.
Former Philippine Airlines president Gilbert Santa Maria has joined the board of Davao-based tycoon Dennis A. Uy’s Chelsea Logistics and Infrastructure Holdings Corp. as independent director.