Listed International Container Terminal Services Inc. (ICTSI) saw its net income plunge to $59.59 million (P3.1 billion) in the first quarter of the year, which it attributed on the coronavirus disease 2019 (Covid-19) pandemic, which affected its global port operations.

In a disclosure on Thursday, the Razon-led port operator said the amount was a 17.7-percent decrease from $72.4 million in the same period last year.