ICTSI net income up 42% from Jan to June

International Container Terminal Services Inc. (ICTSI) registered a net income of $128.5 million in the first half of the year, higher by 42 percent compared to the $90.2-million income in the same period last year, mainly due to improved operations in terminals in Iraq, Australia, Congo and Subic Freeport.

ICTSI Chairman and President Enrique Razon Jr. reported a strong financial result and operational performance for the first semester, which remained unharmed despite some geopolitical challenges.