ICTSI gains from Pakistan
The Philippines-based terminal operator International Container Terminal Services Inc (ICTSI) reported a port operations revenue of USD 413.7 million for H1/2013, an increase of 20% over the USD 345 million reported for the same period last year. Earnings before interest, taxes, depreciation and amortization (ebitda) was USD 188.1 million, 26% more than the USD 149.2 million generated in H1/2012. Net income attributable to equity holders was USD 82.9 million, up by 18%.
The company said that the higher net income attributable to equity holders for the first semester was mainly due to strong revenue growth and margin improvement in certain key terminals and the contribution of the new terminal in Karachi (Pakistan).