ICTSI to Operate and Manage Sudan’s South Port Container Terminal

On 03 January 2019, International Container Terminal Services Inc. (ICTSI, PSE: ICT), through its wholly-owned subsidiary ICTSI Middle East DMCC, signed a concession agreement with the Sea Ports Corporation of Sudan (SPC) to operate, manage and develop the South Port Container Terminal (SPCT) at the port of Port Sudan, Republic of the Sudan. SPC, the […]
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ICTSI Taps Existing Retained Earnings for Additional Working Capital

On 29 December 2017, the Board of Directors of International Container Terminal Services Inc. (ICTSI, PSE: ICT) approved and authorized the appropriation of a portion of ICTSI’s unappropriated retained earnings in the amount of $25 million for additional working capital requirements of its continuing domestic and foreign expansion projects in 2018. Related Articles:ICTSI Net Income […]
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ICTSI Net Income Surged 207% to $180M

Manila—(PHStocks)—International Container Terminal Services Inc. (ICTSI, PSE: ICT) reported audited consolidated financial results for the year ended December 31, 2016 posting revenue from port operations of US$1.128 billion, seven percent higher compared to US$1.051 billion last year, Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$525.1 million, 17 percent better than the US$450 million […]
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ICTSI Manila Hits 2 Million TEU Milestone

Manila—(PHStocks)—The Manila International Container Terminal, International Container Terminal Services Inc.’s (ICTSI, PSE: ICT) flagship operation and the Philippines’ largest, most technologically advanced container terminal, capped 2016 with a milestone as it reached its first year-to-date two millionth TEU move last December. Nominated among the world’s top container terminals for several years, the MICT has an […]
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ICTSI 9M 2016 Net Income Up 4% to $141.9M

Manila—(PHStocks)—International Container Terminal Services Inc. (ICTSI, PSE: ICT) today reported unaudited consolidated financial results for the first nine months of 2016 posting revenues from port operations of $835 million, an increase of five percent over the $792 million reported for the same period last year; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of $390.3 […]
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PHStocks Exclusive: Top 50 Best Performing Stocks in June

Manila—(PHStocks)—The Philippine Stock Exchange index flirted with 8,000 level yesterday—the inauguration of incoming President Rodrigo Roa Duterte—before closing down at 7,796.25, just 2.28 point lower from the previous day’s close. As intra-day high hit 7,980.75 yesterday, profit taking pulled back the gains as investors lock in their gains. For the month of June, below are […]
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ICTSI 1Q2016 Throughput Up 4% to 2.1 million TEUs; Start-ups erode Net Income, down 22% to US$42.2 million

Manila–(PHStocks)–International Container Terminal Services Inc. (ICTSI, PSE: ICT) today reported unaudited consolidated financial results for the quarter ended March 31, 2016 posting revenue from port operations of $266.5 million, a decrease of 10% from the $296.1 million reported for the same period last year; earnings before interest, taxes, depreciation and amortization (EBITDA) of $121.9 million, 4% lower than the $127.5 […]
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ICTSI Declares Cash Dividends

Manila—(PHStocks)—The board of directors of International Container Terminal Services Inc. (ICTSI, PSE: ICT) declared a PhP0.91 cash dividend per share for stockholders of record date 5 May 2016 and shall be paid out on 18 May 2016. Related Articles:ICTSI to Operate and Manage Sudan’s South Port Container TerminalPPA Adjustments to Existing Schedule of Tariffs CompletedICTSI […]
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