Asian Terminals Inc. (ATI) port revenues from January to June rose by 9.3 percent to P4.3 billion compared to last year’s P3.9 billion, the company disclosed Friday.
ATI also posted net income of P1 billion in the first half of the year, up 7.8 percent from the same period last year, amidst the generally challenging trade environment marked by slow import growth and reduced exports due to wider Asian economic factors.
The listed port operator attributed the first half results primarily to the volume growth of its modern Batangas Container Terminal (BCT); higher domestic containerized cargoes, roll-on/roll-off units, and number of passengers handled by Batangas Port; and the higher general cargo volume at Manila South Harbor.
From January to June alone, BCT handled over 70,000 TEUs (twenty-foot equivalent units) of international containers, up by more than 340 percent compared to the first half of 2014 as the terminal continuously stepped up its role as trade facilitator for Calabarzon (Cavite, Laguna, Batangas, Rizal and Quezon) and nearby regions.
ATI’s Batangas Port also remained as South Luzon’s preferred gateway for domestic containerized cargoes, imported completely built-up car units, and passengers with first half volumes growing by 159.5 percent, 14.2 percent and 8 percent, respectively.
Non-containerized cargo volume at Manila South Harbor, meanwhile, grew by 9.9 percent year-on-year.