Maritime
ATI Stockholders Meeting
ATI declares Php860M cash dividend , highest in 30 yrs .
L isted port operator Asian Terminals Inc . ( ATI ) declared a total cash dividend of Php860 million , or 43 cents per share , its highest in 30 years driven by its best operational and financial performance in 2016 .
This was recently announced during the company ’ s annual stockholders meeting at a hotel in Manila . Dividends will be paid out on June 15 ,
2017 to stockholders on record as of May 19 , 2017 . The cash dividend represents 45 percent of the company ’ s
2016 net income of Php1.9 billion .
ATI ’ s net income would have been Php2.10 billion , without the foreign exchange impact – as per accounting rules brought in since 2013 – 12.6 percent higher than Php1.86 billion in 2015 , on a like-for-like basis .
Its 2016 revenues stood at Php9.25 billion , for a 13.5 percent growth from 2015 ’ s Php8.15 billion .
“ Our growth story has been delivered through the hard work and dedication of our staff and the continued support of our loyal customers , the shipping lines , the port authorities , industry federations and other stakeholders to whom we are truly grateful ,” ATI chairman Rashid Abdulla said .
“ More importantly , these were achieved with safety at its highest level and at record production pace comparable to world-best standards ,” he added .
ATI ’ s record year in 2016 was bannered by Manila South Harbor , which handled over one million teus of foreign containers for the first time in a single operational year . Batangas Container Terminal also stepped up its role as trade facilitator in Calabarzon ( Cavite , Laguna , Batangas , Rizal and Quezon ) delivering nearly 160,000 teus , for an 18 percent growth on 2015 volume .
Passenger and internationalroll-on / roll-off volume at Batangas also continued to thrive , peaking at nearly 4 million outbound passengers and a new record of over 200,000 completely-builtcar units , which represented the majority of last year ’ s car sales nationwide .
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