MANILA's International Container Terminal Services Inc (ICTSI) posted a year-on-year first quarter 24 per cent net profit increase to US$191.02 million while its operating profit increased 36 per cent to $209.88 million, drawn on revenues of $637.65 million, up 11.3 per cent.
The Philippines global port operator will remain focused on its expansion plans this year after seeing encouraging first-quarter financial results.
'Our international portfolio performed exceptionally well, and the group continues to benefit from geographic diversification spanning 19 countries, which has enabled us to deliver growth despite regional economic headwinds,' said ICTSI chairman and president Enrique Razon Jr.
SeaNews Turkey
The Philippines global port operator will remain focused on its expansion plans this year after seeing encouraging first-quarter financial results.
'Our international portfolio performed exceptionally well, and the group continues to benefit from geographic diversification spanning 19 countries, which has enabled us to deliver growth despite regional economic headwinds,' said ICTSI chairman and president Enrique Razon Jr.
SeaNews Turkey
