Asian Terminals, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 14, 2020 at 11:30 pm EDT
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Asian Terminals, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was PHP 2,578.272 million compared to PHP 3,627.760 million a year ago. Net income was PHP 472.163 million compared to PHP 1,111.025 million a year ago. Basic earnings per share was PHP 0.24 compared to PHP 0.56 a year ago.
Asian Terminals, Inc. is a Philippines-based company that provides general services with respect to the operation and management of port terminals. The Company operates and manages the South Harbor Port of Manila and the Port of Batangas in Batangas City. The container terminal division handles stevedoring, arrastre, warehousing, storage, cranage, container freight station and other port-related services for international cargoes. Its inland clearance depot and empty container depot (Laguna) is a customs bonded facility that provides storage, trucking, just-in-time delivery, brokerage and maintenance and repair services for its clients. The Company, through its subsidiary, ATI Batangas, Inc., is the sole cargo handling contractor operating at the Port of Batangas. It operates and manages the Batangas Supply Base within the Port of Batangas under a contract with Shell Philippines Exploration B.V. The Company is developing a barge terminal in Tanza, Cavite, to cater to PEZA cargoes.
ASIAN TERMINALS, INC. 