MANILA’s International Container Terminal Services Inc (ICTSI) posted a year-on-year 66 per cent increase in net profit to US$849.80 million, drawn on revenues of US$2.74 billion, up 15 per cent. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 18 per cent to $1.78 billion, reported St Petersburg’s PortNews. Profit was driven by higher operating income and interest earned from an elevated cash balance, though offset by increased interest on loans, lease liabilities...
https://www.seanews.com.tr/ictsi-profit-soars-66pc-to-us849-8-million-in-2024/202749/