PORT operator Asian Terminals Inc. (ATI) saw a 36-percent decline in first-quarter net income to P752.7 million from P1.2 billion in the same period last year.
PORT operator Asian Terminals Inc. saw a 36-percent decline in first-quarter net income to P752.7 million from P1.2 billion in the same period last year.Revenues for the period fell by 7.4 percent to P3.47 billion from P3.75 billion a year earlier.The company said earnings from South Harbor International containerized cargo and Batangas Container Terminal dropped by 5.1 percent and 20.3 percent, respectively, on account of lower container volumes.
60 billion in the same period last year.ATI has set aside P2.7 billion in capital expenditures for this year, higher than the P2.2 billion capex allocated in 2023.
Net Income Falls 36% To P753M In Q1
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