Asian Terminals, Inc. (ATI) said it saw “indications of sustained trade recovery” in the first half of the year after its January-to-June revenues increased 8.2% to P5.5 billion.
“Net income for the period stood at P1.13 billion, a slight 2% step back from last year due to volume-driven expenses, additional [pandemic] resiliency measures, and unfavorable foreign exchange,” ATI said in an e-mailed statement to reporters on Friday.
ATI’s Manila South Harbor and Batangas Container Terminal handled more than 660,000 twenty-foot equivalent units (TEUs) of international containers in the first six months, the company said, noting that the volume “represents a consolidated… growth of 17% compared [with] the first half of 2020.”
ATI Executive Vice President William Khoury said the first-half results reflect “the strength and resilience of our company as a trade enabler built across 35 years of pioneering experience in the industry.”
“We intend to sustain this momentum headed into the second half of the year by continuously working safely and efficiently in collaboration with our customers, dockworkers, port authorities and other stakeholders, following the stringent health and safety protocols prescribed by international and local Covid-19 experts,” he added.
ATI has said it would be “business as usual” for its ports during the implementation of stricter community quarantine rules from Aug. 6 to 20 in the National Capital Region and nearby provinces to ensure the unhampered flow of food, medical supplies, consumer goods, and other vital necessities.
ATI shares closed 0.71% lower at P14 apiece on Friday. — Arjay L. Balinbin