Trade growth boosts ATI income to Php3.0-B, up 35% in 2022

March 10, 2023

Listed trade enabler Asian Terminals Inc. (ATI) delivered solid results in 2022 driven by higher cargo and passenger volumes handled by its gateway ports in Manila and Batangas as trade activities continued to gain momentum reflective of the resilience of the Philippine economy.

In a regulatory disclosure, ATI said its revenues for 2022 reached Php13.62 billion, higher by22% from Php11.16 billion in 2021.

Revenues from its international container port operations in Manila and Batangas increased by 19.2% and 12.7%,respectively, on account of higher boxed cargoes compared to the previous year, while revenues from non-container port operations in Batangas grew by 65.9% led by the record volume of international rolling cargoes and the robust increase of passengers transiting through the modern Batangas Passenger Terminal.

ATI ended the year with a net income of Php3.03 billion, 35.3% higher than the Php2.24 billion it posted in 2021.

On a consolidated basis, ATI’s Manila South Harbor and Batangas Port handled over 1.4 million teus (twenty-foot equivalent units) from January to December, 4.5% higher than 2021.In the non-containerized segment, Batangas Port’s car carrier terminal set a new operations milestone as it ended the year handling over 230,000completely-built car units (CBUs), 73% higher than 2021 and eclipsing its previous record of 201,000 CBUs back in 2016.

Meanwhile, the Batangas Passenger Terminal, the country’s biggest and most modern interisland transport hub, facilitated the safe transit of over 2.2 million outbound passengers and nearly 360,000domestic roll-on/roll-off vehicles, with the continued easing of Covid-19travel restrictions.

“ATI is very pleased to report solid results for the year amid macroeconomic headwinds, market uncertainties, and the prevailing pandemic conditions. As a trade enabler, the company continuously provides bigger, better, and modern integrated ports and logistics infrastructure alongside smart trade solutions to create greater value for customers and support the long-term growth of the economy,” ATI said in a statement.