International Container Terminal Services Inc. (Ictsi) reported on Monday that its net income in the first nine months of 2013 reached $128.8 million, up 22 percent over the $105.8 million earned in the same period last year.

The higher net income attributable to equity holders for the first nine months of 2013 was mainly due to strong revenue growth and margin improvement in certain key terminals, and the contribution from the new terminal in Karachi, Pakistan. Diluted earnings per share for the period was also higher by 17 percent at $0.054 from $0.046 in 2012.

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