Record cargo volume lifts ATI net income to Php2.5B

March 05, 2018

Listed Asian Terminals Inc. (ATI) delivered another solid performance in 2017 on the back of record cargo volumes handled by its gateway ports in Manila and Batangas.

In its disclosure to the local bourse, ATI said revenues last year went up 14.6% to Php10.6 billion from Php9.2 billion in 2016 on account of higher volumes of containerized cargoes and favorable cargo mix in the non-containerized segment.

ATI’s net income reached Php2.5 billion in 2017, 30.7% higher than Php1.9 billion in 2016.

Reflective of the robust growth of the Philippine economy in 2017, ATI’s international ports in Manila and Batangas handled a combined container cargo throughput of over 1.3 million teus (twenty-foot equivalent units).

International boxed cargoes handled at Manila South Harbor in 2017 reached over 1.1 million teus, an increase of nearly 6% from 2016. The rapidly growing Batangas Container Terminal (BCT) handled almost 200,000 teus, an increase of over 25% compared to the previous year.

BCT has effectively supported government’s drive for inclusive growth outside Metro Manila by continuously opening up direct market connectivity and delivering competitive port services to shippers based in South Luzon.

Equally important, Batangas Port has contributed to decongesting Metro Manila roads. Last year’s cargo volume meant taking out over 100,000 truck trips along metro roads, with more Calabarzon (Cavite, Laguna, Batangas, Rizal and Quezon) shippers preferring to route consignments through BCT.

ATI’s record year in 2017 was also achieved through continuous process improvement, investment in equipment and facilities as well as innovations, while constantly promoting a safe industrial environment for port stakeholders.