International Container Terminal Services, Inc. (ICTSI) recorded a 20 percent hike in audited consolidated attributable net income to US$172.4 million last year from the US$143.2 million earned in 2012.
In a disclosure to the Philippine Stock Exchange, the firm said the higher attributable net income was mainly due to strong revenue growth and margin improvement in certain key terminals and the contribution from the new terminal in Karachi, Pakistan.
Revenue from port operations reached US$852.4 million, an increase of 17 percent over the US$729.3 million reported in 2012.