ICTSI sees strong growth in container volumes

Manila: International Container Terminal Services has seen a 16% increase in revenue in the third quarter due to a rise in International operations resulting in positive volume growth at its Manila terminal for the first time in several quarters. The company, which has seen a 25% increase in net income as compared the same period last year, has recently signed a US $120m standby credit facility to fund future acquisitions.  [13/11/06]