International Container Terminal Services Inc. (ICTSI) on Thursday reported that its revenues from port operations in the first quarter of this year reached $209.3 million, an increase of 20 percent over the $173.8 million reported in the same period of 2012.

The company’s earnings before interest, taxes, depreciation and amortization or Ebitda reached $97.5 million, 27 percent higher than the $76.7 million generated in the first quarter of 2012. Meanwhile, net income attributable to equity holders reached $40.7 million, up 15 percent over the $35.4 million earned in the same period last year.

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