Philippines: ICTSI’s net income over the past two decades has amounted to a staggering $618 million.

According to International Container Terminal Services (ICTSI), a major cargo port operator, the net profit in 2022 is 618.46 million dollars, up 44% from 2021. Total revenue increased 20% year-over-year to $2.24 billion. Strong growth in cargo handling volume, mainly at Manila North Port (MNHPI) and the newly opened Manila Port Central Port (NHCPSI) domestic cargo operating companies, overseas ICTSI Nigeria, and Brazil’s IRB Logistica, contributed to earnings growth. bottom. (8th, Manila Times)