ICTSI's net profit grows 31% in 9M

The company attributes the growth to higher operating income.

International Container Terminal Services Incorporated’s net profit attributable to equity holders increased by 31% to $842m (US$632.6m) in the nine months ended 2024 (9M 2024).

The company attributes the growth to higher operating income.

During the same period, revenue from port operations also increased by 14% to $2.67b (US$2.01b).

Earnings Before Interest, Taxes, Depreciation and Amortization stood at $1.76b (US$1.32b), reflecting a 19% increase.

The company’s diluted earnings per share grew 33% to $0.39 (US$0.303) in 9M 2024 from $0.29 (US$0.22) in the same period last year.

($1=US$0.76)

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