Citing expanding port operations and diversified services, listed port operator Asian Terminals reported a double-digit profit growth for the year 2008, BusinessWorld reported.
In a report to Philippine Stock Exchange, Asian Terminals said net income went up to US$17.5 million, 17.7 percent higher than the year-ago level of $14.9 million. This was a reversal from previous year's profit decline of 7.6 percent.
Although there was a dip in non-port operations, the decline was counter-balanced by an increase in port operations in Manila's South Harbour, amounting to $78.4 million, complemented by the Batangas Port's strong showing, Asian Terminals said.
|
