Asian Terminals Inc. said Friday said net income fell 2 percent in the first half to P1.13 billion from a year ago, while revenues rose by more than 8 percent.
ATI said in a disclosure to the stock exchange revenues in the first six months reached P5.47 billion, up 8.2 percent from P5.05 billion it posted in the same period last year.
The company said that from January to June, Manila South Harbor and Batangas Container Terminal handled over 660,000 TEUs (twenty-foot equivalent units) of international containers, representing a consolidated volume growth of 17 percent compared to the first half of 2020.
“We are pleased to achieve robust results for the period even amid the unprecedented challenges of the COVID-19 global pandemic, reflecting the strength and resilience of our company as a trade enabler built across 35 years of pioneering experience in the industry,” said William Khoury, ATI executive vice president.