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Manila Bulletin devider Business devider Trade & Industry devider ATI earns P1.13 B from P5.47-B revenues

ATI earns P1.13 B from P5.47-B revenues

Published Aug 18, 2021 05:03 pm
Higher volumes at Asian Terminals Inc. (ATI)' s international gateway ports in Manila and Batangas boosted the operator's revenues for the first six months of 2021 by 8.2% to P5.47 billion versus the same period last year.
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However, ATI's net income dipped 2% to P1.13 billion due to volume-driven expenses, additional Covid-19 resiliency measures, along with unfavorable foreign exchange.
Nevertheless, the boost in trade volumes indicate sustained trade recovery despite the Covid-19 pandemic.
From January to June, 2021, 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%.
“We are pleased to achieve robust results for the period even amid the unprecedented challenges of the Covid-19 global pandemic," says ATI executive vice president William Khoury.
This "reflects the strength and resilience of our company as a trade enabler built across 35 years of pioneering experience in the industry,” he pointed out.
“We intend to sustain this momentum into the second half of the year by continuously working safely and efficiently in collaboration with our customers, dockworkers, port authorities and other stakeholders,” Khoury added.
Earlier, ATI announced that Manila South Harbor and Batangas Container Terminal remained business as usual 24/7, despite the government's heightened community quarantine status to curb the recent spike of Covid-19 infections.

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ASIAN TERMINALS INC TRADE RECOVERY SIGNS DESPITE PANDEMIC ATI 1H 2021 REVENUES
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