ICTSI 9M2016 Income Up 4%
International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the first nine months of 2016 posting revenues from port operations of US$835.0 million, an increase of five percent over the US$792.0 million reported for the same period last year; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$390.3 million, 15 percent higher than the US$339.5 million generated in the first nine months of 2015, and net income attributable to equity holders of US$141.9 million, up 4% from the US$136.2 million earned in the first three quarter of the previous year. Net income…
ICTSI Income Drops 68%
International Container Terminal Services, Inc. (ICTSI) reported audited consolidated financial results for the year ended December 31, 2015 posting revenue from port operations of US$1.051 billion, one percent lower compared to US$1.061 billion the year earlier; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$450.0 million, two percent higher than the US$443.0 million generated the previous year; and reported Net Income attributable to equity holders of US$58.5 million, down 68 percent compared to the US$182.0 million earned in 2014. Diluted earnings per share for the period declined 85 percent to US$0.011 from US$0.075 in 2014.
ICTSI 9M Profts Above Expectations
International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the first nine months of 2015 posting revenues from port operations of US$792.0 million, an increase of two percent over the US$779.2 million reported for the same period last year; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$339.5 million, four percent higher than the US$326.1 million generated in the first nine months of 2014, and net income attributable to equity holders of US$136.2 million, up 0.3% over the US$135.7 million earned in the same period last year. Diluted earnings per share for the period was one percent lower at US$0.0550 from US$0.0556 in 2014.
Kalmar SmartPort Equipment Ordered for New Argentine Terminal
Kalmar, part of Cargotec, has been awarded the contract for the supply of multiple Kalmar SmartPort solution products to TecPlata S.A, a fully-owned ICTSI company. The greenfield terminal located in Port La Plata, Argentina, will feature in the first phase Kalmar SmartLift and SmartStack on its 18 Kalmar terminal tractors, nine ZPMC RTGs, two Kalmar reachstackers and three Kalmar front-end loaders. The delivery also includes the SmartMap visualisation tool. In October 2008, ICTSI obtained a 30-year concession for the design…
