BY UNICAPITAL SECURITIES
Profit at Asian Terminal Inc (ATI) increased sharply in 2014 on robust growth of cargo at the Port of Batangas.
Its net income went up by 58% to PHP 1.90 billion last year from PHP 1.2 billion in 2013.
Revenue grew by 25.4% to PHP 8.24 billion from PHP 6.57 billion the previous year due to higher international containerized cargo volumes at the Batangas Container Terminal (BCT), the higher non-containerized volumes handled at the Port of Batangas and higher revenues from its Inland Clearance Depot.
In 2014, BCT handled a recordvolume of over 98,000 TEUs (twenty-footer equivalent units) of international containers, increasing by over 750% from the previous year.