Asian Terminal Inc., said it grew its profit in the first quarter by 95.5 percent to P1.18 billion from P601.9 million.
Revenues grew 29.4 percent to P3.75 billion from P2.90 billion last year on higher volumes of international containers, imported car shipment, and passengers.
ATI’s operations in Manila and Batangas handled a consolidated 384,000 twenty-foot equivalent units (TEU), up 19.8 percent, it said.
“From January to March, ATI’s flagship terminal Manila South Harbor handled a monthly average of over 100,000 TEUs of international boxed cargoes, a first since the pandemic,” the company added.
Its Batangas port meanwhile handled 57,000 units of imported completely-built cars and more than 580,000 passengers during the first quarter, up 5.5 percent and 57.4 percent, respectively.
ATI said it looks to spend P5.2 billion in capital investment this year, to be spent for additional berthing spaces and yard facilities, deployment of new cranes and eco-friendly equipment, reopening of the Manila cruise terminal and expansion of ports and logistics touchpoints in key markets, among others. – Ruelle Albert D. Castro
