Listed port operator Asian Terminals Inc. (ATI) posted a net income of P1.005 billion in the first six months of 2015, up 7.8% from the P933 million earned in the same period last year.
Revenue likewise grew 9.3% to P4.286 billion from P3.923 billion, ATI said in a disclosure to the Philippine Stock Exchange.
For the second quarter alone net income, however, dropped 37.9% to P355.685 million from P573.010 million while revenue declined 4.4% to P1.927 billion from P2.015 billion
ATI said growth in the first six months of 2015 was due to the higher volume of international containerized cargoes at Batangas Container Terminal (BCT), which went up 344.8% compared to last year; expansion by 9.9% of general cargo volume at its Manila South Harbor operations; and bigger domestic containerized volume, more roll on-roll off units, and increased number of passengers at Batangas port by 159.5%, 14.2%, and 8% respectively.
In a separate release, ATI said that as of July 2015, BCT handled 81,000 twenty-foot equivalent units, due mainly to the robust flow of cargoes in the Calabarzon (Cavite, Laguna, Batangas, Rizal and Quezon) and nearby areas.
For this year, ATI is investing a minimum of P2.8 billion, to be followed by further investments of P3.1 billion in 2016 and P2.1 billion in 2017, as it continuously boosts capacity and efficiency of its gateway facilities.
Recently, ATI increased its rubber-tired gantry crane fleet to 23, deployed four additional forklifts, and added six side-loaders last February.
