ICTSI posts higher earnings on strength of foreign ports

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ICTSI posts higher earnings on strength of foreign ports - Business Mirror

Quick Summary:

Razon-led International Container Terminal Services Inc.(ICTSI) reported a 14-percent jump in earnings in the first quarter of the year, driven mainly by its strong international portfolio.

Revenues from port operations climbed 15-percent year-on-year to $2.74 billion, buoyed by higher volumes, tariff adjustments, and increased revenue from ancillary services.

ICTSI operates in six continents and continues to pursue container terminal opportunities around the world.Crown Equities, Inc.