International Container Terminal Services, Inc. (ICTSI) has reported consolidated audited financial results for the year ended 31 December 2012, posting:

• Revenue from port operations of US$729.3 million, 10 % higher than the US$664.8 million reported last year;
• Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$307.4 million, an increase of 9 % over the US$281.4 million generated in 2011; and
• net income attributable to equity holders of US$143.2 million, up 10 % over the US$130.5 million earned in the same period last year. 

Recurring net income attributable to equity holders increased 15 percent for the year ended 31 December 2012 after adjusting the previous year's net income attributable to equity holders to US$124.4 million from the one-time net gain of US$6.1 million from the sale of ICTSI's 16.79 percent ownership stake in Portek International Limited and a one-time equity tax charge imposed by the Colombian tax authorities on all legal entities and individuals in Colombia.

ICTSI handled consolidated volume of 5,628,021 twenty-foot equivalent units (TEUs) for the year ended 31 December 2012, 8 % more than the 5,233,795 TEUs handled in 2011.

ICTSI got awarded in February 2013, the concession contract for Puerto Cortes Terminal in Honduras.

Source: ICTSI