For the second straight year, International Container Terminal Services, Inc. (ICTSI) was recognized for its outstanding performance and promoting greater regional inclusivity in the ASEAN logistics sector.
International Container Terminal Services, Inc.’s (ICTSI) Global Corporate Legal Affairs Department was honored recently by the Asian Legal Business magazine as finalist for the Philippine In-House Team of the Year, Transportation and Logistics In-House Team of the Year, and Innovative In-House Team of the Year categories during the annual Philippine Law Awards last 22 November 2019. Atty. Lirene C. Mora-Suarez, ICTSI Asia Pacific Regional Legal Manager (center), was awarded as Woman Lawyer of the Year and is among the top five finalists for Young Lawyer of the Year.
The Philippine Ports Authority has recently deemed complete the proposal of International Container Terminal Services, Inc. (ICTSI) to develop Iloilo ports.
International Container Terminal Services, Inc. (ICTSI) has been named the Philippines’ Most Outstanding Company in the transportation sector by Asiamoney.
International Container Terminal Services, Inc. (ICTSI) is leading Philippine publicly-listed companies as the top-of-mind choice of investors for the company’s governance and financial excellence, clinching six awards, including Southeast Asia’s Best Chief Financial Officer for Rafael D. Consing Jr. at the recently-concluded 9th Institutional Investor Awards for Corporates by Alpha Southeast Asia.
International Container Terminal Services, Inc. (ICTSI) has earned recognition at the recently-concluded 17th Philippine Quill Awards for its exemplary sustainability reporting and corporate social responsibility initiatives.
ICTSI announces strong financial results and operational performance; Net income growth of 42% to US$128.5M in 1H2019
- Throughput grew 7% to 5.0 million TEUs
- Revenues increased 14% to US$751.8 million
- EBITDA 19% higher to US$424.4 million
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, Inc. (ICTSI) today reported unaudited consolidated financial results for the quarter ended March 31, 2019 posting revenue from port operations of US$383.8 million, an increase of 18 percent over the US$325.4 million reported for the same period last year; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$222.5 million, 25 percent higher than the US$177.5 million generated in the first quarter of 2018; and net income attributable to equity holders of US$72.4 million, 77 percent more than the US$40.9 million earned in the same period last year due to the strong operating income highlighted by strong operational and financial performance at VICT in Melbourne, Australia, lower financing charges, and a significant improvement in the operations at Sociedad Puerto Industrial Aguadulce S.A. (SPIA), its joint venture container terminal project with PSA International Pte Ltd. (PSA) in Buenaventura, Colombia, which posted a lower net loss share of US$6.3 million compared to US$8.9 million in the same period in 2018 as the company continued to ramp-up container volume lifting SPIA’s EBITDA to positive level for the quarter.
Port operator International Container Terminal Services, Inc. (ICTSI) has welcomed concrete steps taken by the Philippine government to clear Manila ports of overstaying cargo.