Publicly listed port operator Asian Terminals Inc. (ATI) capped 2012 on a strong note with robust dividends from gross revenues of P4.86 billion and a net income of P1.68 billion.
“These robust results were driven by the higher volumes handled by our international container and non-container operations in Manila and Batangas, as complemented by activities in Laguna and Mindanao,” said Kun Wah Wong, chairman of ATI.
ATI declared a cash dividend worth 35 centavos per share for a total of P700 million during its annual stockholders meeting held recently, resulting from its solid 2012 performance.
ATI’s 2012 revenues and income grew 10.7 percent and 10.4 percent, respectively, from 2011 figures on the back of the vigorous flow of shipment through its port facilities.
For 2012, ATI handled a total of 1.06 million twenty equivalent units (TEUs) of containerized cargoes and 1.2 million metric tons of general cargoes across its facilities in the country.
The company said that the fundamental strength of ATI in delivering innovative and competitive services to customers through its integrated port facilities, sustained the company’s solid operational and financia performance.
“Against this backdrop of economic growth, ATI is honored to positively contribute to Philippine progress by delivering efficient and world-class port services to our customers,” Wong said.
Building on its growth momentum, ATI is earmarking P4.2 billion in capital investments from internal funds over the next three years, as it pursues volume-driven investments within and outside Manila to ensure that the vital ports and logistics assets it operates meet the trade needs of the Philippines.
ATI operates the Manila South Harbor, the Port of Batangas, Batangas Container Terminal, Inland Clearance Depot Laguna, and the Sta. Mesa Off-dock Container Yard in Manila. It is also a strategic partner at the South Cotabato Integrated Port in General Santos City.
Rosalie C. Periabras