ASIAN Terminals, Inc. (ATI) reported its attributable net income increased by 36% to P788 million in the third quarter, fueled by robust revenues from its operations.
The port operator said in a regulatory filing on Tuesday its total revenues in the third quarter rose 18% year-on-year to P2.55 billion.
For the nine-month period, ATI’s net income attributable to equity holders of the company jumped 24% to P2.2 billion, driven by a 14% increase in total revenues to P7.213 billion.
“Revenues from South Harbor International containerized cargo operations and Batangas Container Terminal increased from last year on account of higher container volumes, which grew by 4.2% and 18.4%, respectively,” the company said.
ATI sad operations at the Port of Batangas were boosted by an increase in volume of domestic containers, roll on-roll off (RoRo) vessels and passengers. — D.A.Valdez