SIMIC

PHILIPPINES port operator Asian Terminals posted a 35.3 per cent net profit increase to PHP3.03 billion (US$55.3 million) in 2022, drawn on PHP13.62 billion in revenue, up 22 per cent.
Revenues from international container port operations in Manila and Batangas increased 19.2 per cent and 12.7 per cent, respectively, on account of higher volumes.
It said revenues from non-container port operations in Batangas grew 65.9 per cent, led by record volume of international rolling cargo and a robust increase of passengers transiting through the Batangas passenger terminal.
ATI's Manila South Harbour and Batangas Port handled over 1.4 million TEU in 2022, or 4.5 per cent higher than in 2021.
It said that in the non-containerised segment, Batangas port's car carrier terminal set a new operations milestone, as it ended the year handling over 230,000 completely-built car units, up by 73 per cent from 2021 and eclipsing the previous record of 201,000 CBUs in 2016.
The Batangas passenger terminal, the country's biggest and most modern interisland transport hub, facilitated the transit of 2.2 million outbound passengers and nearly 360,000 domestic roll-on/roll-off vehicles, with the continued easing of travel restrictions.
"ATI is very pleased to report solid results for the year amid macroeconomic headwinds, market uncertainties and the prevailing pandemic conditions," the company said.
"As a trade enabler, the company continuously provides bigger, better and modern integrated ports and logistics infrastructure alongside smart trade solutions to create greater value for customers and support the long-term growth of the economy," it said.