ICTSI said the performance was driven by higher operating income, favorable foreign exchange gains, and non-recurring income from a legal settlement, alongside a reduction in the share of net losses from joint ventures.
Earnings before interest, taxes, depreciation, and amortization rose 17 percent to a record $413.76 million.
Despite a slight decline in consolidated volume due to the cessation of operations at some terminals, effective management strategies ensured the company’s strong performance during the period.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
