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Asia Pacific International Ports and Logistics

ICTSI first half volumes up 7% on operational ramp-ups and new terminals in Papua New Guinea

First half throughput rose 7% to 5.04m teu and came on good revenues, leading to a 42% jump in net profit to $128.5m. The rise in revenue was mainly due to volume growth, tariff adjustments for certain services at multiple terminals, new contracts with shipping lines and services, as well as the continuing ramp-up of operations at new terminals

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Looking ahead ICTSI said that although its business remained relatively unscathed by current geopolitical headwinds, it remained vigilant and would monitor the situation closely

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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