Harbor Star Shipping Services, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 12:52 am
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Harbor Star Shipping Services, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was PHP 91.91 million compared to PHP 217.74 million a year ago. Basic earnings per share from continuing operations was PHP 0.1 compared to PHP 0.24 a year ago. Diluted earnings per share from continuing operations was PHP 0.1 compared to PHP 0.24 a year ago.
For the six months, net income was PHP 141.14 million compared to PHP 408.99 million a year ago. Basic earnings per share from continuing operations was PHP 0.16 compared to PHP 0.46 a year ago. Diluted earnings per share from continuing operations was PHP 0.16 compared to PHP 0.46 a year ago.
Harbor Star Shipping Services, Inc. is a Philippines-based integrated maritime service provider. The Company offers a range of maritime services, such as harbor assistance, towing, lighterage, ship salvage, marine construction, repair and maintenance works, wreck removal, firefighting, oil spill abatement and recovery, handling hazardous chemical, ship and crew management, diving and underwater marine works. Its business segments include harbor assistance and renewable energy. The Company's harbor assistance services include docking and undocking various types and sizes of vessels with its diversified fleet. Its Azymuth-propelled harbor tugboats range from 1,200 horsepower (hp) to 4,000 hp. Its towing service provides both regular and emergency towing throughout the Philippines and its neighboring territories. Its lighterage service provides transporting of various commodities using its tug and barge tandems, such as coal, iron and nickel ore, clinker, aggregates, and similar products.
HARBOR STAR SHIPPING SERVICES, INC. 
