MANILA, May 13 (GCTL) - International Container Terminal Services, Inc. (ICTSI) has reported unaudited consolidated financial results for the quarter ended March 31, 2013, posting revenue from port operations of US$209.3 million, an increase of 20 percent over the US$173.8 million reported for the same period last year.
Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$97.5 million, 27 percent higher than the US$76.7 million generated in the first quarter of 2012; and net income attributable to equity holders of US$40.7 million, up 15 percent over the US$35.4 million earned in the same period last year.
ICTSI handled consolidated volume of 1,496,462 twenty-foot equivalent units (TEUs) for the quarter ended 31 March 2013, 12 percent more than the 1,338,316 TEUs handled in the same period in 2012. The increase in volume was mainly due to the continuous growth in international and domestic trade in most of the Company’s terminals and the volume generated by the Company’s new terminal operations in Jakarta, Indonesia and Karachi, Pakistan.
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Category : Asia Pacific News
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