SBMA posts P820M revenue in 1st quarter
The Subic Bay Metropolitan Authority recorded a total of P820.84 million in operating revenues in the first quarter of 2021, representing 5.23 percent increase from the same period last year.
SBMA chair and administrator Wilma Eisma announced that the income earned by the SBMA Port Authority Group totaled P374.54 million shored up by operating revenues amounting to P60 million.
“The good news was that the SBMA Seaport managed a 25 percent increase in port revenue because of a 10percent increase in the volume of containerized cargo,” she said.
“The pandemic might have caused losses to some of our units, but others—like our core business, which is the sea port—are coming out as winners,” Eisma said.
But the official admitted that SBMA also recorded “substantial income losses in the tourism.”
“And understandably so because of so little visitor traffic since last year. But we have increases, too, in unexpected area,” Eisma said.
The agency made P241,637 in sports facilities rental income in the first quarter, compared to zero income last year; P35,000 in location site shoot, which represented a 116 percent increase over last year’s figure; and P15,000 in fishing permit collection, 113 percent higher than last year.
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