The corporate’s administration said the expansion was primarily pushed by robust performances in its freight, chartering, logistics, and meals and beverage segments, reflecting a continued restoration in cargo and passage volumes.
Gross revenue surged by 38 per cent to PHP1.601 billion, with the gross revenue margin bettering to 23 per cent from 19 per cent within the prior 12 months. Consolidated working revenue elevated by 64 per cent to PHP814 million, and consolidated EBITDA climbed 36 per cent to PHP2.248 billion.
The corporate mentioned that the improved backside line was additionally supported by a 15 per cent decline in finance prices, reflecting the advantages of the group’s ongoing mortgage restructuring efforts.
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