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ICTSI's profits inch up 7%

ICTSI's profits inch up 7%
Manila: International Container Terminal Services Inc (ICTSI) nine month profits edged up 4% to $101.4m.

The Manila-headquartered terminal operator posted revenues of $524.7m for the first nine months of 2012, up 7% on the same period a year earlier. ICTSI handled 4.08m teu at its terminals around the world in the first nine months of the year, up 6% from the same period in 2011. Excluding volumes from three recent terminal acquisitions ICTSI’s volumes grew at 4% year-on-year.