News / ICTSI plans to build on a profitable first half, boosting terminal expansion

DR Congo Terminal, Matadi

Terminal operator ICTSI has reported a busy – and profitable – first half, with net income up 19% at $103.6m on revenues up 10% to $550.8m.

It attributed the increases to developing operations at its new terminal in Matadi, DRC, and also noted “strong operating income contribution” from terminals in Iraq, Mexico and Brazil.

Volumes rose 7% to 4.5m teu, in part because of new terminals ramping up operations and improvement in emerging markets. ICTSI pointed in particular to Basra, Manzanillo, Matadi and Melbourne.

The ...