Tanker and ferry group Chelsea Logistics Corp (CLC) has logged a rise in 2017 earnings thanks to its expanding fleet.
The Dennis Uy-controlled Philippines owner, which carried out an IPO last year in Manila, said net profit grew 17.5% to PHP 161m ($3.09m) as revenue more than doubled from a fleet acquisition, according to Business World.
This compared to PHP 137m in 2016.
