Bilyonaryo - Business

Some great reward! EKR showers ICTSI execs, staff with P375M shares

March 3, 2023

Bilyonaryo.com

Ultra bilyonaryo Enrique “Ricky” K. Razon Jr. has rewarded the top executives and officers of International Container Terminal Services Inc. with a generous compensation package for their outstanding performance.

The ICTSI chairman and president approved the award of 1.861 billion ICTSI stocks under its stock incentive plan.

The award reduced the number of its treasury shares by 13 percent to 12.975 million.

The move comes after ICTSI reported a remarkable increase in profits, with a year-on-year jump of 47 percent to $465.132 million (P25.6 billion) as of the first nine months of 2022.

Related News Tags: Enrique "Ricky" K. Razon Jr., ICTSI

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