ATI nets P1.90B from higher cargo

The robust increase in volume of cargoes at Batangas Port, considered the best alternative port in Southern Luzon, and foreign exchange gains boosted the full-year performance of Asian Terminals Inc (ATI), which ended 2014 with a net income of P1.90 billion.

“Revenues grew by 25.4 percent to P8.24 billion, from P6.57 billion the previous year due to the higher international containerized cargo volume in Batangas Container Terminal (BCT), the higher non-containerized volume handled in Port of Batangas and the higher revenues from Inland Clearance Depot,” ATI said.