Asian Terminals Inc. booked a 21-percent growth in its net income as of end-September as operations picked up with the further reopening of the economy.
The company noted that revenues from South Harbor international containerized cargo and Batangas Container Terminal improved by 16.8 percent and 5.7 percent, respectively.
More expensive fuel costs and higher energy consumption raised its equipment running expenses by 25.3 percent to P612.7 million in the nine-month period. For this year, ATI had set aside P5-billion worth of capital expenditures to fund the ports and logistics infrastructure projects in Manila, Batangas and Laguna.
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