Publicly listed Philippine port operator Asian Terminals Inc. (ATI) is paying shareholders total cash dividends worth P700 million after reporting a robust performance for 2012, with both revenue and net income increasing more than 10% to P4.86 billion and P1.68 billion, respectively.
Revenue rose 10.7% from P4.39 billion while net income increased 10.4% from P1.52 billion in the previous year.
“These robust results were driven by the higher volumes handled by our international container and non-container operations in Manila and Batangas, as complemented by activities in Laguna and Mindanao,” ATI chairman Kun Wah Wong said.
As a result of its solid full-year performance, the publicly listed company during its annual stockholders meeting on April 25 declared a cash dividend of 35 centavos per share for a total of P700 million payable on June 11.
Last year, ATI handled 1.06 million 20-foot equivalent units and 1.2 million metric tons of general cargoes across its facilities in the country.
ATI is earmarking P4.2 billion in capital investments from internal funds over the next three years as it pursues volume-driven investments within and outside Manila.
ATI operates the Manila South Harbor, the Port of Batangas, its international cargo hub the Batangas Container Terminal, Inland Clearance Depot Laguna and the Sta. Mesa Off-dock Container Yard in Manila. It is also a strategic partner in the South Cotabato Integrated Port in General Santos City.
Image courtesy of Asian Terminals, Inc