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 […]
Continue reading…
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 […]
Continue reading…
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 […]
Continue reading…
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 […]
Continue reading…
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:PPA Adjustments to Existing Schedule of Tariffs CompletedICTSI Taps Existing Retained Earnings for Additional Working CapitalICTSI Net […]
Continue reading…
Manila—(PHStocks)—International Container Terminal Services Inc. (ICTSI, PSE: ICT) reported audited consolidated financial results for the year ended 31 December 2015, posting revenue from port operations of $1.051 billion, one percent lower compared to $1.061 billion the year earlier; earnings before interest, taxes, depreciation and amortization (EBITDA) of $450 million, two percent higher than the $443 million generated […]
Continue reading…
Manila—(PHStocks)—International Container Terminal Services Inc. (ICTSI, PSE: ICT), through its subsidiary, Cordilla Properties Holdings Inc., has established its premier shared services company (SSC), ICTSI Asia Pacific Business Services Inc. The SSC’s primary purpose is to deliver business process outsourcing and other related services to the subsidiaries and affiliates of ICTSI in the Asia-Pacific Region, as well as […]
Continue reading…
Manila—(PHStocks)—International Container Terminal Services Inc. (ICTSI, PSE: ICT) was informed today by the Commercial Services Department, Philippine Ports Authority that adjustments to the existing schedule of Tariffs at Manila International Container Terminal (MICT) and South Harbor have been completed pursuant to PPA Memorandum Circular No. 14-2015 issued 26 November 2015. The upward adjustment for Cost-Recovery […]
Continue reading…