Net profit in the first nine months was up 22% year-on-year to $128.8m and revenue rose 19% to $624.7m.
ICTSI attributed the higher net profit to strong revenue growth and margin improvement in certain key terminals and the contribution from the new terminal in Karachi, Pakistan.
The global port operator handled consolidated volume of 4.63m teu for the first nine months, 13% more than the same period in 2012.
“The increase in volume was mainly due to the continuous growth in international and domestic trade in most of the company's terminals and the volume generated by Pakistan International Container Terminal (PICT) and PT Olah Jasa Andal (PT OJA), the company's new container terminals in Karachi, Pakistan and Jakarta, Indonesia, respectively,” ICTSI said.
The company's seven key terminal operations in Manila, Brazil, Poland, Madagascar, China, Ecuador and Pakistan accounted for 79% of the group's consolidated volume from January to September 2013.
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