The Manila-headquartered terminal operator International Container Terminal Services (ICTSI) has closed 2021 by marking strong financial and operational figures, with net income jumping to US$477.54 million, which translates to a year-on-year increase of 242%.
Additionally, ICTSI’s revenues from port operations completed US$1.87 billion, representing a year-on-year increase of 24%, which was mainly attributed to volume growth and improvement in trade activities at most terminals, tariff...
https://container-news.com/ictsis-profits-more-than-double-in-2021/