HARBOR Star Shipping Services said its net income had significantly increased by 753.28 percent from a net loss of P64.92 million on June 30, 2021, to a net income of P424.11 million in the same period this year.
The increase in net income by P489.03 million was mainly due to the growth in net service revenue, a decrease in general and administrative expenses, and a decrease in other charges.
Harbor Star owned tugboat MT Regulus PHOTO from Harbor Star