Economic reopening lifts Asian Terminals’ 9-month earnings

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 86%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines