Acquisitions raise clc revenues by 140%

CHELSEA Logistics Holdings Corp. (CLC) generated P3.9 billion in revenues for the full year 2017, a 140 percent growth from 2016.

This was attributable to the company’s acquisition of a significant stake in 2Go Group, Inc., and the acquisition of 100 percent ownership of Starlite Ferries, Inc. and Worklink Services, Inc.

These acquisitions resulted in additional freight revenues of P1.3 billion, passage revenues of P0.8 billion, and P0.2 billion from logistics services.

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