ICTSI Q1 profit buoyed by new overseas ports

MANILA, Philippines – Newly activated terminals in South Africa and Indonesia powered International Container Terminal Services Inc. (ICTSI) to a strong first-quarter performance, with net income rising 21 percent to $314.69 million despite mounting geopolitical risks tied to the Middle East. In a disclosure on Monday, the ports giant led by tycoon Enrique Razon Jr.