Asian Terminals Inc. said Friday net income in 2016 rose 7.8 percent to P1.91 billion from P1.77 billion in 2015 on higher cargo volume handled by its international gateway ports in Manila and Batangas.
Without the foreign exchange impact, per accounting rules brought in since 2013, ATI’s net income would have been P2.10 billion, up 12.6 percent from P1.86 billion in 2015, on a like-for-like basis.
ATI’s revenues rose 13.5 percent to P9.24 billion last year from P8.15 billion in 2015, driven by robust international container cargoes in Manila South Harbor and Batangas Container Terminal, supplemented by strong international roll-on/roll-off cargoes in Batangas Port.
Manila South Harbor in 2016 handled 19 percent more international containers compared than in 2015 on its way to breaching the 1.0 million TEU (twenty-foot equivalent unit) mark for the first time in three decades.
This was also driven by significant productivity gains which ensured port utilizations were efficiently maintained below an average 65 percent for the year. Revenues from South Harbor international containerized cargoes grew 18.2 percent from 2015.
Batangas Port handled over 200,000 completely-build car units (CBUs) in 2016—its highest car throughput in a single year—representing over 42 percent growth on 2015. This boosted Batangas Port’s 2016 revenues by 16.1 percent compared woth the previous year.
Batangas international container service connections to ports in Asia, meanwhile, continued to expand with seven weekly services covering the major Asian ports locations, drawing volume away from Manila’s roads.
BCT handled nearly 160,000 teus last year, 18 percent more than 2015, for its highest foreign container throughput since starting commercial operations in 2010.
Responding to the robust consumer demand for vehicles, ATI has begun construction of a multilevel CBU storage facility (MCSF) in Batangas Port, the country’s top car carrier port.
Completed by 2018, the MCSF can store over 5,000 additional cars at a single time, raising Batangas Port’s CBU storage capacity by nearly 50 percent.