* 9M2016 Throughput grew 12 % to 6.4 million TEUs
* 9M2016 Revenues increased 5 % to US $ 835.0 million
* 9M2016 EBITDA improved 15 % to US $ 390.3 million
Maritime TIM eMagazine Vol . 1 . Issue 59
* 9M2016 Throughput grew 12 % to 6.4 million TEUs
* 9M2016 Revenues increased 5 % to US $ 835.0 million
* 9M2016 EBITDA improved 15 % to US $ 390.3 million
ICTSI 9M2016 Net Income Up 4 % to US $ 141.9M ; 53 % Higher at US $ 54.6M in 3Q2016
I nternational Container Terminal Services , Inc . ( ICTSI ) today reported unaudited consolidated financial results for the first nine months of 2016 posting revenues from port operations of US $ 835.0 million , an increase of five percent over the US $ 792.0 million reported for the same period last year ; Earnings Before Interest , Taxes , Depreciation and Amortization ( EBITDA ) of US $ 390.3 million , 15 percent higher than the US $ 339.5 million generated in the first nine months of 2015 , and net income attributable to equity holders of US $ 141.9 million , up 4 % from the US $ 136.2 million earned in the first three quarter of the previous year . Net income attributable to equity holders increased primarily due to the volume and revenue growth tapered by higher depreciation & amortization expenses and lower capitalized borrowing costs related to Tecplata S . A . (“ Tecplata ”), the company ’ s new terminal in Buenos Aires , Argentina , and higher interest expense from higher average loan balance . Excluding the effect of new terminals and projects , consolidated net income attributable to equity holders would have increased by 28 percent . Diluted earnings per share for the period was six percent lower at US $ 0.052 from US $ 0.055 in 2015 .
For the quarter ending September 30 , 2016 , revenue from port operations increased 18 percent from US $ 239.9 million to US $ 284.2 million while EBITDA was 30 percent higher at US $ 132.9 million from US $ 102.1 million . Net income attributable to equity holders was up 53 percent from US $ 35.8 million to US $ 54.6 million in 2016 mainly due to the strong volume and revenue growth across all three of the Company ’ s geographic segments tapered by higher depreciation & amortization expenses and lower capitalized borrowing costs at Tecplata in Argentina , and higher interest and financing charges arising from higher average loan balance . Excluding new terminals and projects , consolidated net income
11