Maritime
Asian Terminals Inc. (ATI)
annual stockholders meeting
held in Manila, recently.
ATI declares P900-M
cash dividend on solid
2017 results
Credit : portcalls.com
Asian Terminals Inc. (ATI) Chairman Andrew
Hoad
10
Credit : asianterminals.com.ph
L
isted port operator Asian Terminals Inc. (ATI) declared
a total cash dividend of Php900 million, or 45 cents
per share, on the back of solid operational and
financial performance in 2017.
The results were announced during the company’s
annual stockholders meeting held in Manila, recently.
The cash dividends will be paid out on June 18, 2018
to stockholders on record as of May 22, 2018.
In 2017, ATI’s top-line breached the double-digit mark for the
first time with revenues reaching Php10.6 billion, or 14.6% higher
than the Php9.2 billion it posted in 2016. Robust cash flow from its
ports business, meanwhile, drove ATI’s net income to Php2.5 billion,
up 30.7% from the previous year’s Php1.9 billion.
2017 was a significant per