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CHELSEA Logistics Holdings Corp. (CLC) posted a 17.5% growth in net profit last year to P161 million as revenues more than doubled after the acquisition of shipping companies and related businesses. In a disclosure to the stock exchange, the company said last year’s profit from 2016’s P137 million included a one-time gain on bargain purchase valued at P158 million. Chryss Alfonsus V. Damuy, CLC president and chief executive officer, said the capital raised from the company’s initial public offering on Aug. 8, 2017 allowed the significant expansion of businesses and operations. “As a result of the acquisitions during the last…