ICTSI first-half profit soars 34% to $462M

MANILA-BASED global port operator International Container Terminal Services Inc. (ICTSI) reported a 34 percent surge in consolidated net income for the first six months of 2024 to $461.97 million (P26.5 billion) from $348.1 million (P19.97 billion) a year ago, backed by the strong performance of its diverse international portfolio.

"We've delivered a strong first half performance, yet again demonstrating the strength of ICTSI's diversified international portfolio and continued delivery of our strategic initiatives," ICTSI Chairman and President Enrique Razon Jr. said.