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ICTSI gains from Papua New Guinea terminals and tariff adjustments

Continued growth at Lae and Motukea, and improvements in trade at subsidiary Philippines terminal Subic as well as Matadi and Basra, helped raise volumes. New contracts at certain ports and lower losses at its Colombia joint venture with PSA helped boost profits

Chairman and president Enrique Razon Jr says the company remains ‘conscious of the current geopolitical trade tensions’

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