The City of Manila has recognized global port operator International Container Terminal Services, Inc. (ICTSI) and subsidiary Manila North Harbour Port, Inc. (NorthPort) as among the city’s top business taxpayers for fiscal year 2018. ICTSI was named the city’s second highest business tax contributor, and sixth top real property taxpayer, while NorthPort landed second as the city’s top real property taxpayer.
International Container Terminal Services
ICTSI among Asia’s best in CorpGov; Corporate Governance Asia: Enrique K. Razon Jr. is Asia’s best CEO; Rafael D. Consing Jr. is Asia’s best CFO
Global port operator International Container Terminal Services, Inc. (ICTSI) has once again been recognized by leading investment institutions and agencies as among the top Asian companies that has shown all-round governance excellence and financial management for 2018.
International Container Terminal Services, Inc. (ICTSI) is pleased to report audited consolidated financial results for the year ended December 31, 2018. - Consolidated volume higher by six percent to 9,736,621 twenty-foot equivalent units (TEUs) (FY2017: 9,153,458 TEUs) - Revenue from port operations increased 11 percent to US$1.4 billion (FY2017: US$1.2 billion) - Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) grew 11 percent to US$642.2 million (FY2017: US$578.0 million) - Net income attributable to equity holders up strongly by 22 percent to US$221.5 million (FY2017: US$182.1 million)