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                    [ArticleID] => 98821
                    [Title] => ICTSI net income drops 86%
                    [Summary] => Port operator International Container Terminal Services, Inc. (ICTSI) suffered a sharp 86-percent drop in its net income for the first nine months this year as the weaker peso took its toll on the company’s foreign obligations.


With non-cash losses totaling P500.2 million, ICTSI’s consolidated net income shrank from P406 million in 1999 to P59.4 million this year. In the third quarter alone, net profit thinned down by 72 percent from P155 million to P43.9 million.


                    [DatePublished] => 2000-11-14 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 98488
                    [Title] => ICTSI denies sale of IIHC
                    [Summary] => International Container Terminal Services, Inc. (ICTSI) denied yesterday that it is in negotiations to sell its stake in ICTSI International Holdings Corp. (IIHC), a subsidiary that manages ICTSI’s foreign ports.


ICTSI issued the denial amid rumors that IIHC is on the seller’s block. Enrique K. Razon Jr., ICTSI chairman and president, explained that although ICTSI has received offers to buy all or part of IIHC, these offers have been rejected.


                    [DatePublished] => 2000-10-14 00:00:00
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PAKISTAN AND TANZANIA

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                    [ArticleID] => 98821
                    [Title] => ICTSI net income drops 86%
                    [Summary] => Port operator International Container Terminal Services, Inc. (ICTSI) suffered a sharp 86-percent drop in its net income for the first nine months this year as the weaker peso took its toll on the company’s foreign obligations.


With non-cash losses totaling P500.2 million, ICTSI’s consolidated net income shrank from P406 million in 1999 to P59.4 million this year. In the third quarter alone, net profit thinned down by 72 percent from P155 million to P43.9 million.


                    [DatePublished] => 2000-11-14 00:00:00
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                    [SectionUrl] => business
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                    [ArticleID] => 98488
                    [Title] => ICTSI denies sale of IIHC
                    [Summary] => International Container Terminal Services, Inc. (ICTSI) denied yesterday that it is in negotiations to sell its stake in ICTSI International Holdings Corp. (IIHC), a subsidiary that manages ICTSI’s foreign ports.


ICTSI issued the denial amid rumors that IIHC is on the seller’s block. Enrique K. Razon Jr., ICTSI chairman and president, explained that although ICTSI has received offers to buy all or part of IIHC, these offers have been rejected.


                    [DatePublished] => 2000-10-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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abtest

ICTSI net income drops 86%

November 14, 2000 - 12:00am

Port operator International Container Terminal Services, Inc. (ICTSI) suffered a sharp 86-percent drop in its net income for the first nine months this year as the weaker peso took its toll on the company’s...

Business

ICTSI denies sale of IIHC

October 14, 2000 - 12:00am

International Container Terminal Services, Inc. (ICTSI) denied yesterday that it is in negotiations to sell its stake in ICTSI International Holdings Corp. (IIHC), a subsidiary that manages ICTSI’s foreign ports. ICTSI...

Business