Port operator International Container Terminal Services Inc. (ICTSI) said its gross revenues rose 37 percent in 2008 due to the robust performance of both its local and international operations.
In a disclosure to the Philippine Stock Exchange, ICTSI said consolidated gross revenues from port operations expanded to P20.6 billion from P15 billion in 2007, mainly driven by contributions from new terminal operations in China, Ecuador, Syria, Georgia and Misamis Oriental and strong organic growth in its operations in Brazil, Madagascar, Manila and Davao.
ICTSI recently signed a memorandum of understanding with the Brunei Economic Development Board for the design and development of a 660-meter terminal in Brunei Darussalam.
In a disclosure to the Philippine Stock Exchange, ICTSI said consolidated gross revenues from port operations expanded to P20.6 billion from P15 billion in 2007, mainly driven by contributions from new terminal operations in China, Ecuador, Syria, Georgia and Misamis Oriental and strong organic growth in its operations in Brazil, Madagascar, Manila and Davao.
ICTSI recently signed a memorandum of understanding with the Brunei Economic Development Board for the design and development of a 660-meter terminal in Brunei Darussalam.