International Container Terminal Services Inc.. INQUIRER FILE PHOTO
MANILA, Philippines — Global ports giant International Container Terminal Services Inc. (ICTSI) weathered a “more challenging” first half to post a 22-percent increase in net income to $641.39 million, driven by higher cargo volumes and contributions from newly acquired terminals in South Africa and Indonesia.
In a disclosure on Monday, the Enrique Razon Jr.-led ports operator said first-half profit had risen from $524.06 million a year earlier.
READ: ICTSI gets 25 years more at Manila port
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