Asian Terminals Inc. said net income grew by 20.2 percent in the first nine months, driven by higher cargo and passenger volumes handled by its gateway ports in Batangas and Manila.
The port operator said net profit amounted to P1.8 billion from January to September, higher than last year’s P1.5 billion.
Revenues from international container operations in Manila and Batangas increased by 16.8 percent and 5.7 percent, respectively, while revenues from non-container operations in Batangas went up by 68 percent on the strong influx of international rolling cargoes and the robust increase of passenger foot-traffic through the modern Batangas Passenger Terminal with the easing of Covid-19 travel restrictions.
Batangas Port, the country’s premier car carrier terminal, handled the resurgent imports of major car manufacturers and distributors, which reached nearly 170,000 completely built units, representing an 80-percent year-on-year growth.
The Batangas Passenger Terminal, the country’s most modern inter-island transport hub, facilitated the safe transit of more than 1.6 million outbound passengers, or 252 percent higher than in the same period last year.