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ATI’s earnings shoot up on higher cargo volumes

13 Mar

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.

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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.

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Posted by on March 13, 2015 in ATI, Corporate News, Stock Market

 

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