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Manila Bulletin devider Business devider Trade & Industry devider ATI revenues up 12% to P6 B

ATI revenues up 12% to P6 B

Published Aug 18, 2022 10:46 am

Containerized cargo growth in its Manila and Batangas ports boosted Asian Terminal Inc. (ATI)'s net income by one percent to P1.14 billion on revenues of P6.1 billion, up 11.7 percent, in the first half of 2022 versus the same period last year.

Revenues from South Harbor international containerized cargo rose 10.4 percent while revenues from ATI Batangas soared 55.7 percent in the comparative period due to higher Roll-on Roll-off (RORO) volumes and higher number of passengers.

Government share in revenues also grew 17.9 percent to P1.1 billion from P941.8 million in the comparative period.

In the next half decade, ATI allocated P17.5 billion for capital expenditure.

The capex will fund the port operator's yard and berth development as well as the building of new facilities and acquisition of equipment.

As part of its investment commitment to the Philippine Ports Authority (PPA), ATI is putting in P5.43 billion toc evelop ports and logistics infrastructure across its sites this year and acquire more modern cargo handling equipment.

In addition, it will continue to upgrade its gateway ports in Manila and Batangas for containerized cargo, non-containerized cargo and passenger handling operations.

The company is upgrading its port capacities and technologies to support customer growth, to respond to future market demand and contribute to the post pandemic recovery of the economy.

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