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04 August 2021 The on-line newspaper devoted to the world of transports 06:55 GMT+2

May 7, 2020

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Original news
In the first quarter, ICTSI's port terminals 1.5 million containers (up 1.2%)

In Asia, traffic decreased by -2.6%

In the first quarter of this year, the port terminals of the Philippine International Container Terminal Services, Inc. (ICTSI) handled container traffic of 1.5 million an increase of 1.2% over the same period of 2019 impact on the group's activities reduction in operations in Asia as a determination of the pandemic Covid-19. In the first three months of 2020, the group's Asian terminals moved almost 1.3 million teu (-2.6%), while terminals in the Americas handled 788 thousand teu (up 5.7%) And Europe, the Middle East and Africa 456 thousand teu (up 5.1%).

In the first three months of this year, ICTSI reported revenues of 385.8 million dollars (-2.1%), of which 375.8 million dollars port activities (-2.1%). EBITDA is 212.1 million dollars (-4.7%), operating profit at 156.4 million dollars (-5.3%) net profit at 68.8 million dollars (-15.5%).

The President of ICTSI, Enrique K. Razon, explained that the impact of the pandemic was felt in the last part first quarter. About the volume of traffic handled, Razon "The different areas of the world are crossing different stages of the viral epidemic, and this, he noted, reflects on the performance of our portfolio: in Asia lower volumes than the previous year, Americas and EMEA sectors in the quarter positive volume growth. However - specified Razon -- in March the last two areas showed signs of weakening.'

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