ATI nets P1.8B income, up 20% as economy rebounds
ASIAN Terminals Inc. (ATI) posted a 20-percent increase in net income to P1.8 billion in the first nine months, compared to last year’s P1.5 billion, driven by higher cargo and passenger volumes in Batangas and Manila ports.
ATI delivered solid results, shown by a 19 percent growth in revenues to P9.78 billion, from P8.22 billion, as the economy improves.
Revenues from its international container operations in Manila and Batangas increased by 16.8 percent and 5.7 percent, respectively, while revenues from non-container operations in Batangas were higher by 68.0 percent, on account of the strong influx of international rolling cargoes. It saw a robust increase in passenger foot traffic through the modern Batangas passenger terminal, with the easing of the Covid-19 travel restrictions.
Batangas port, the country’s premier car carrier terminal, handled the resurgent imports of major car manufacturers and distributors, which reached nearly 170,000 completely-built units, representing an 80 percent year-on-year growth.
For the containerized cargo segment, South Harbor and Batangas Port handled a consolidated volume of over 1.0 million twentyfoot equivalent units (TEUs) from January to September, reflecting a modest growth with indicators of sustained volume acceleration into the holiday season.
Meanwhile, the Batangas Passenger
Terminal (BPT), the country’s most modern interisland transport hub, facilitated the safe transit of more than 1.6 million outbound passengers, as of the end of September.
ATI unveiled a bigger, better, and smarter BPT in June equipped with world-class facilities such as an expansive and fully-air conditioned passenger lounge, orderly ticketing offices, clean and gender-neutral restrooms, provisions for free WiFi and clean drinking water, and mobility features for the elderly and differently-abled. It has huge overhead digital boards, advising passengers on the schedule of departing vessels, designated boarding gates, and other relevant announcements.