Asian Terminals Inc. said net income rose by double-digits in the first nine months of the year, driven by record cargo volumes handled by its international gateway ports in Manila and Batangas.
ATI reported the nine-month income reached P2.20 billion, up 24 percent from P1.77 billion year-on-year.
Revenues hit P8.85 billion, up 14.6 percent from P7.72 billion during the same period in 2017 due to higher international containerized cargoes handled by Manila South Harbor and Batangas Container Terminal.
Higher volume of domestic containers, international RoRo and inter-island passengers were also handled by Batangas Port over the same period.
In support of Metro Manila and nearby market environs, Manila South Harbor facilitated the delivery of over 860,000 teus (twenty-foot equivalent units) of foreign boxed shipment, representing a 4-percent growth from a year ago
This is the highest throughput for MSH over the nine-month stretch, highlighted by record-breaking volume of over 100,000 teus in May, June, July and September.
In Southern Luzon, Batangas Container Terminal further stepped up its role as trade facilitator in Calabarzon (Cavite, Laguna, Batangas, Rizal and Quezon), offering competitive market connectivity to major shippers in the region and helping decongest Manila’s roads.
BCT handled over 173,000 teus from January to September, higher by more than 18 percent from a year ago.
BCT over the weekend broke through the 200,000-teu volume mark, setting a new operations milestone. It meant reducing over 100,000 truck trips along Metro Manila roads, with more consignees routing cargoes via BCT, Calabarzon’s preferred gateway port.
“Despite handling growing volumes, ATI’s international container ports are performing well at optimum production and utilization levels headed into the final stretch, the peak season for shipments,” ATI executive vice president William Khoury said.
“We have the capacity and expertise in providing smart trade solutions to our stakeholders. We are also continuously increasing our capabilities to handle future growth,” Khoury added.
