Subic Bay International Terminal Corp. (SBITC) emerged as the top-performing subsidiary in the ICTSI Group for 2019.
SBITC was recognized for its 2019 growth in volume, revenue, and earnings before interest, taxes, depreciation, and amortization (EBITDA). The Company was able to maintain this growth for two consecutive years.
Also honored are first runner-up Matadi Gateway Terminal (MGT) and honorable mentions Batumi International Container Terminal (BICT) and Adriatic Gate Container Terminal (AGCT).
The Manila International Container Terminal was cited for its sustained performance.
Held in early March, the annual Chairman’s Cup awarding ceremony recognizes the Group’s top-performing terminals based on growth, volume, revenue, EBITDA, net income, improvements in operating leverage, and free cash flows.