Port operator’s net profit up 28.9% to P3.7B in 2019

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Port operator Asian Terminals Inc. (ATI) saw a 28.9-percent increase in net profit to P3.7 billion last year as it expanded its facilities in Luzon, helping drive up volumes to a new record. | miguelrcamusINQ

ATI, which operates Manila South Harbor and Batangas Container Terminal, posted an 8.6-percent rise in revenues to P13.3 billion.ATI said combined volume for Manila South Harbor and Batangas Container Terminal stood at 1.6 million twenty foot equivalent units or TEUs.

International boxed cargoes in Manila South Harbor reached 1.3 million TEUs, up 10 percent from the previous year. Manila South Harbor handled more than 100,000 TEUs for nine out of the 12-month period.

 

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