ICTSI H1 profit up 22% on brisk volumes, new ports

MANILA, Philippines — Global ports giant International Container Terminal Services Inc. (ICTSI) weathered a “more challenging” first half to post a 22-percent increase in net income to $641.39 million, driven by higher cargo volumes and contributions from newly acquired terminals in South Africa and Indonesia. In a disclosure on Monday, the Enrique Razon Jr.-led ports operator