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ICTSI H1 net profit up 7pc to US$314m
来源：shippingazette 编辑：编辑部 发布：2023/08/16 15:31:31
PHILIPPINES' International Container Terminal Services, Inc (ICTSI) announced that revenue from port operations in the first six months of the year totalled US$1.16 billion, an increase of 10 per cent from the US$1.06 billion reported for the same period last year.
EBITDA amounted to $728.88 million, eight per cent higher than the US$672.14 million generated during the same period last year.
Net income attributable to equity holders was $313.80 million, seven per cent more than the US$294.48 million earned in the first half of 2022
The company said net profit increase was primarily due to higher operating income and interest income, and lower COVID-19-related expenses; partially tapered by nonrecurring impairment of goodwill attributed to Pakistan International Container Terminal (PICT) and increases in depreciation and amortization, interest on loans, lease liabilities and concession rights payable.
For the quarter ended June 30, 2023, revenue from port operations increased 11 per cent from $534.64 million to $592.73 million. EBITDA was 12 per cent higher at $374.68 million from $334.29 million and net income attributable to equity holders was at $159.19 million, five per cent more than the $152.20 million in the same period in 2022.
ICTSI handled consolidated volume of 6,275,837 TEU in the six months ended June 30, 2023, nine per cent more compared to the 5,752,582 TEU handled in the same period in 2022. For the quarter ended June 30, 2023, total consolidated throughput was nine per cent higher at 3,173,732 TEU compared to 2,919,581 TEU in 2022.
For the second quarter of 2023, gross revenues increased 11 per cent from US$534.64 million to US$592.73 million.
Enrique K Razon, ICTSI chairman and president said: "ICTSI's diversified portfolio, operational discipline and the determined focus from our fantastic team around the world has enabled us to deliver another strong financial performance."
"We have a robust balance sheet and a highly cash generative business which looking ahead, will enable us to continue our strong track record of investing in our terminals to support future growth for the benefit of all our stakeholders.
"The macroeconomic and geopolitical climate continues to be uncertain but these results give us continued confidence in our financial and operational resilience. The opportunities for future growth are considerable and we will work closely with our stakeholders to achieve positive change for the communities in which we operate and deliver long-term sustainable growth."
EBITDA amounted to $728.88 million, eight per cent higher than the US$672.14 million generated during the same period last year.
Net income attributable to equity holders was $313.80 million, seven per cent more than the US$294.48 million earned in the first half of 2022
The company said net profit increase was primarily due to higher operating income and interest income, and lower COVID-19-related expenses; partially tapered by nonrecurring impairment of goodwill attributed to Pakistan International Container Terminal (PICT) and increases in depreciation and amortization, interest on loans, lease liabilities and concession rights payable.
For the quarter ended June 30, 2023, revenue from port operations increased 11 per cent from $534.64 million to $592.73 million. EBITDA was 12 per cent higher at $374.68 million from $334.29 million and net income attributable to equity holders was at $159.19 million, five per cent more than the $152.20 million in the same period in 2022.
ICTSI handled consolidated volume of 6,275,837 TEU in the six months ended June 30, 2023, nine per cent more compared to the 5,752,582 TEU handled in the same period in 2022. For the quarter ended June 30, 2023, total consolidated throughput was nine per cent higher at 3,173,732 TEU compared to 2,919,581 TEU in 2022.
For the second quarter of 2023, gross revenues increased 11 per cent from US$534.64 million to US$592.73 million.
Enrique K Razon, ICTSI chairman and president said: "ICTSI's diversified portfolio, operational discipline and the determined focus from our fantastic team around the world has enabled us to deliver another strong financial performance."
"We have a robust balance sheet and a highly cash generative business which looking ahead, will enable us to continue our strong track record of investing in our terminals to support future growth for the benefit of all our stakeholders.
"The macroeconomic and geopolitical climate continues to be uncertain but these results give us continued confidence in our financial and operational resilience. The opportunities for future growth are considerable and we will work closely with our stakeholders to achieve positive change for the communities in which we operate and deliver long-term sustainable growth."