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 […]
Continue reading…

 

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 […]
Continue reading…

 

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 […]
Continue reading…

 

ICTSI 2015 Net Income Down by 68%

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…

 

ICTSI Sets Up Premier Shared Services Company

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…

 

ICTSI Plans New Container Freight Station in Subic

International Container Terminal Services Inc. (ICTSI, PSE: ICT) of port and gaming mogul Enrique Razon Jr. is planning to put up a container freight station at the Subic Bay Freeport, the Subic Bay Metropolitan Authority (SBMA) said. Related Articles:ICTSI Net Income Surged 207% to $180MICTSI 1Q2016 Throughput Up 4% to 2.1 million TEUs; Start-ups erode […]
Continue reading…

 

CMSA Signs $260M Project Finance Loan

Manila—(PHStocks)—Contecon Manzanillo, S.A. de C.V. (CMSA), a wholly owned subsidiary of Philippine-based container terminal operator International Container Terminal Services Inc. (PSE: ICT), has signed a $260 million Project Finance Facility with International Finance Corp. (IFC), Inter-American Development Bank (IADB), Standard Chartered Bank, and KfW Ipex Bank. The CMSA Project is for the development and operation of […]
Continue reading…

 

ICTSI Not Renewing Japan Port Lease

International Container Terminal Services Inc. (PSE: ICT) is not renewing the lease at the Naha port in Okinawa, Japan that is set to expire at the end of the year. Related Articles:ICTSI Net Income Surged 207% to $180MICTSI 1Q2016 Throughput Up 4% to 2.1 million TEUs; Start-ups erode Net Income, down 22% to US$42.2 millionICTSI […]
Continue reading…