ICTSI profit up 29% to $185 M 0 SHARES Share it! Share TweetBy James A. LoyolaInternational Container Terminal Services, Inc.(ICTSI) reported a 29 percent jump in consolidated attributable net income to US$184.9 million in the first nine months of 2019 from the US$142.9 million earned in the same period last year. Excluding the non-recurring items, consolidated attributable net income would have increased by 34 percent in 2019. “ICTSI has continued to deliver strong financial performance driven by organic volume growth, diligent cost management, and the continued ramp up of newer terminals,” said ICTSI Chairman and President Enrique K. Razon, Jr. ICTSI handled consolidated volume of 7,590,090 twenty-foot equivalent units (TEUs) in the first nine months of 2019, six percent more than the 7,152,392 TEUs handled in the same period in 2018.

Source: Manila Bulletin November 12, 2019 14:02 UTC