Based on its financial report, ICTSI's net income rose by 31 percent to $632.58 million from January to September as revenue grew faster than expenses.
ICTSI earned $511.53 million for the whole of last year, which means it has already gone past that amount with still a quarter left in 2024.
ICTSI hiked its revenue by 14 percent to $2.01 billion in the nine months to September. The company attributed the income growth to better collection and tariff adjustments, receiving above expectation contribution from certain terminals.
هذه القصة مأخوذة من طبعة November 06, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 06, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Review of anti-dumping duty on cement imports starts
The Tariff Commission (TC) has started its review of the anti-dumping duty slapped on cement imports from Vietnam.
Globe elected to GSMA board
Ayala-led telco giant Globe Telecom Inc. has marked a significant milestone with its election to the prestigious board of the GSMA, a global organization of mobile network operators.
Sugar alternatives to be slapped with import clearance fees
The Sugar Regulatory Administration (SRA) is inching closer to imposing import clearance fees on sweeteners like glucose and fructose as it seeks to monitor the entry of the raw sugar alternatives amid concerns over unabated imports to the detriment of local farmers.
Upskilling, ease of doing business remain businessmen's top concerns
Upskilling the workforce in light of technological developments and improving the ease of doing business are important concerns for businesses that need to be addressed, according to the Management Association of the Philippines (MAP).
Aboitiz Infra ready to take over Bohol-Panglao airport
Aboitiz InfraCapital Inc. (AIC), the infrastructure arm of the Aboitiz Group, expects to sign by the end of the year the concession agreement for the Bohol-Panglao International Airport, setting the stage for its planned upgrades that will begin in 2025.
Phl bond market grows at faster pace
Growth in the Philippine bond market picked up pace in the third quarter from the previous three-month period as both government and corporate bond issuances increased, according to the Asian Development Bank (ADB)
SMIC bankrolls P115 B anew for 2025 capex
SM Investments Corp. (SMIC), the investment holding company of the Sy family, is expected to spend as much as P115 billion again for its capital expenditures next year to support its growth initiatives.
Phinma raises P1B from SRO
Phinma Corp., the diversified conglomerate of the Del Rosario Group, will pursue with its expansion initiatives after raising P1 billion from its successful stock rights offering.
MGen to spend $2 B for expansion
Meralco PowerGen Corp. (MGen), the generation arm of power giant Manila Electric Co. (Meralco), has estimated a capital outlay of at least $2 billion to develop two coal-fired power facilities in Cebu and Quezon.
Gas power in Asia and Pacific Light
SINGAPORE - It's the city of bright lights, fast and efficient trains underground, the regional headquarter of many big multinationals from the West and the host of one of Formula 1's famous races held at night because it can afford to brighten the road tracks as if it is daytime.
