1 month ICTSI earnings rise 42% to $128 M MB |Biz
By James A. Loyola International Container Terminal Services, Inc. (ICTSI) reported a 42 percent surge in unaudited consolidated attributable net income to US$128.5 million in the first half of 2019 from the US$90.2 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said revenue from port operations improved 14 percent to US$751.8 million from the US$661.8 million reported for the first six months of 2018. ICTSI said growth in profits is mainly due to improved operating income contribution from the terminals in Iraq, Australia, Democratic Republic of Congo and Subic ... more