TIM eMagazine Vol . 1 . Issue 95
Volume growth lifts ATI Q3 income by 9 %
ATI Q3income
Listed Asian Terminals Inc . ( ATI ), operator of Manila South Harbor and Batangas Port , reported a net income of Php1.43 billion for the first three quarters of 2016 , 9.1 percent higher from the Php1.31 billion it posted during the same period last year . In a regulatory disclosure on Monday , ATI said revenues for the nine month period reached Php6.80 billion , representing a 10.8 percent growth from Php6.13 billion during the same period in 2015 .
ATI said the increase was brought about by higher international container volumes at Manila South Harbor and Batangas Container Terminal and increased volume of international roll-on / roll-off cargoes , particularly completely-built car units , at Batangas Port . ATI added that excluding the foreign exchangegain ( losses ) attributable to port concession rights payable , net income would have been Php1.55 billion for the first nine months of 2016 , 13.9 % higher than Php1.36 billion for the same period last year .
In September , Manila South Harbor made history as it handled over 100,000 twenty-foot equivalent units ( TEUs ) of international containers for the first time in a single month , while maintaining world-class production levels . Prior to this , it twice broke its all-time record volume , handling over 94,000 TEUs in May and in excess of 95,000 TEUs in June .
Despite the significant increase involume , Manila South Harbor ’ s production has averaged above the industry standard of 25 gross moves per crane per hour ( GMPH ), and even recorded world-class levels of over 30 GMPH in several months , which are comparable to the production of leading global ports in Dubai , Singapore and Hong Kong .
Production is measured by how many containers a crane moves from ship to shore per hour . Higher GMPH reflects efficient handling of containers at berth , which redounds to faster turnaround of ships and trucks , and ultimately quicker delivery of goods to consignees .
ATI also attributes its record achievement to the highly effective Terminal Appointment Booking System ( TABS ), an online scheduling facility for the orderly delivery and pull out of containers at the terminal , which has fast-tracked transactions at Manila ’ s international gatewayports without causing heavy traffic on roads .
15