Iraq Contributes to Strong Results at ICTSI

By John Lee.

Shares in Philippines-based International Terminal Container Services Inc. (ICTSI), which operates the Basra Gateway Terminal (BGT) (pictured) at the port of Umm Qasr, have closed up more than 6 percent on Wednesday following a strong set of results.

The company said in a statement:

“Net income attributable to equity holders of US$128.5 million grew by 42 percent compared to the US$90.2 million earned in the same period last year mainly due to improved operating income contribution from the terminals in Iraq, Australia, Democratic Republic of Congo and Subic in the Philippines.”

(Source: ICTSI)

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