ICTSI’s revenue from port operations surges by 20%

The volume increase was mainly due to continuous growth in international and domestic trade in most of the Company’s terminals and the volume generated by the Company’s new Pakistan International Container Terminal (PICT) in Karachi and the PT Olah Jasa Andal (PT OJA) terminal in Jakarta, Indonesia.

Excluding the volume from these two recent acquisitions and the effect of the cessation of operations in Syria in January 2013, organic volume growth remained flat. ICTI’s seven terminal operations in Manila, Brazil, Poland, Madagascar, China, Ecuador and Pakistan accounted for 79% of the Group’s consolidated volume in the first half of 2013.

The 20% increase in revenues was mainly due to higher storage revenues and ancillary services, favorable volume mix, tariff rate increases in some terminals, and the revenue contribution from the new terminals in Jakarta and Karachi, with the seven terminal operations accounting for 85% percent of the Group’s revenues in H1 2013.