INTERNATIONAL Container Terminal Services Inc. (ICTSI) on Monday reported that net income for the first quarter had jumped 36 percent to $209.88 million from $154.61 million a year ago, driven mainly by its international portfolio.
The Razon-led port operator said the result was due to higher operating income, interest and nonrecurring income from the settlement of legal claims, and a lower equity share in the net loss of joint ventures.
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