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10 April 2020 The on-line newspaper devoted to the world of transports 21:33 GMT+2

March 6, 2020

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Original news
In the fourth quarter of 2019, the terminalist company ICTSI reported a decline in economic performance

Container traffic stable

In the last quarter of 2019, the Philippine Terminalist Group International Container Terminal Services, Inc. (ICTSI) recorded a worsening of the economic performance that has coincided with zero traffic growth containerized by the group's port terminals. In October-December period last year, the group's revenues 391.0 million dollars, down -2.6% compared to 401.3 million dollars in revenue recorded in the budget adjusted for the last quarter of 2018 to take into account changes in accounting standards. The only revenue generated by port activities amounted to 374.1 million dollars (-1.6%). EBITDA was 205.8 million dollars (-1.5%) EBIT at 143.9 million dollars (-2.9%). ICTSI ended the fourth quarter of 2019 with a net loss of -72.3 million dollars compared to a net profit of 72.0 million dollars in the corresponding period of the previous year.

In the last quarter of last year, the group's terminals handled containerized traffic of almost 2.6 million million teu, a volume similar to that of the same period of the 2018, of which 1.4 million teu moved from The Asian terminals (-0.6%), 742 thousand teu from terminals in the Americas (-4.1%) and 448 thousand teu from port terminals in Europe, the Middle East and Africa 11.0%).

In the full year 2019, the group's revenues totaled 1.53 billions of dollars, an increase of 6.1% on the previous year, 1.48 billion produced by port operations 6.9%). EBITDA was US 830.1 million operating profit up 9.9%, operating profit up 12.4% to US 595.2 million And net profit at US 132.7 million (-43.7%).

Last year, the group's terminals total container traffic of 10.2 million teu (up 4.5%), 5.4 million teu moved in Asia (up 3.2%), 3.0 million teu in the Americas (1.5%) and 1.8 million teu in Europe, Medium East and Africa (14.7%). The only Adriatic Gate Container Terminal (AGCT), which is located in the port of Rijeka and is the only Philippine group's terminal in the Mediterranean, filed the 2019 with a record traffic of 271,817 teu, equal to an increase in the 20% on 2018.

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