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International Container Terminal Services Inc. said Monday net income grew 34 percent in the first half of 2024 on the back of higher operating income.
“While we remain vigilant of continuing economic and geopolitical uncertainty, we have a proven and sustainable growth strategy which gives us confidence in our outlook and continued ability to generate value for all our stakeholders,” he said. ICTSI handled a consolidated volume of 6.31 million twenty-foot equivalent units in the first six months of the year, higher than 6.27 million TEUs it handled in the same period in 2023.
ICTSI’s consolidated cash operating expenses in the first six months was 7-percent higher at $349.43 million compared to $325.85 million in the same period in 2023.
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