ICTSI on 2018 results after Q3
Philippines-based International Container Terminal Services Inc (ICTSI) has reported its results for the first nine months of 2018. Revenues from port operations jumped by 10% to USD 1 billion (9M/2017: USD 918.3 million).
Ebitda rose by 6% to USD 462 million (9M/2017: USD 434.9 million), and net income increased by 3% to USD 153.3 million.
ICTSI’s consolidated volumes grew by 5% to 7.2 million teu (9M/2017: 6.8 million teu). This year’s volume increase was primarily due improving trade activities at most of the company’s terminal locations and the contribution of new terminals in Lae and Motukea (both Papua New Guinea), and Melbourne (Australia). (kd)