Asia

ICTSI reports 10% growth in 2012 net profit

Manila: International Container Terminal Services, Inc (ICTSI) reported both revenues and net profit grew 10% year-on-year for 2012, standing at $729.3m and $143.2m respectively.

ICTSI handled 5.628m teu last year, up 8%, thanks in part to new acquisitions in Portland and Croatia and new terminals in Jakarta and Karachi.

Excluding the volume from the four recent port acquisitions, organic volume growth was at 4%.  [12/03/13]

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