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Excluding the new terminals, consolidated volume increased by five percent.For the quarter ended June 30, 2017, total consolidated throughput was three percent higher at 2,272,758 TEUs compared to 2,210,994 TEUs in 2016.For the second quarter of 2017, consolidated EBITDA increased by five percent to 2.7 million from 5.5 million in the same period in 2016.EBITDA margin, on the other hand, decreased to 47 percent in 2017 from 48 percent in 2016.Consolidated financing charges and other expenses for the first half increased 29 percent from .9 million in 2016 to .0 million in 2017 primarily due to higher average loan balance, lower capitalized borrowing cost on qualifying assets and the acceleration of the amortization of debt issue cost due to the termination of the Company’s revolving credit facility.For the second quarter, consolidated financing charges and other expenses increased 32 percent from .9 million in 2016 to .8 million in 2017.(PSA) in Buenaventura, Colombia, which increased from .2 million in the first half of 2016 to .7 million for the same period in 2017 as the company started full commercial operations at the beginning of the year.

The increase in net income was tapered by higher interest and financing charges; higher depreciation and amortization expenses; start-up costs at the Company’s terminal in Melbourne Australia; and increase in the Company’s share in the net loss at Sociedad Puerto Industrial Aguadulce S. (SPIA), its joint venture container terminal project with PSA International Pte Ltd.

The increase was tapered by the additional benefits of the on-going group-wide cost optimization initiatives and the favorable translation impact of Philippine Peso and Mexican Peso expenses at the various terminals in the Philippines and in Manzanillo, Mexico, respectively.

For the quarter ended June 30, 2017, total cash operating expenses of the Group increased by 15 percent to 7.8 million from 2.7 million in 2016.

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