Asian Terminals, Inc. is looking to earn P8 billion in revenues, at least. They also expect to see an improvement in their net income, which is driven by higher volumes following the expansion of their Batangas port. ATI Executive VP Andrew R. Hoad expects “similar results” along with the intention of growing.
The 2015 net income of ATI dipped by 7% to P1.77 billion amid flat international containerized volume in the Manila Port. ATI Chairman Rashed Ali Hassan Abdulla said the slowdown in Chinese economy had dragged exports. This was coupled by the challenges coming from the Philippine freight industry and manufacturing sector.
