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SUBIC BAY FREEPORT - Boosted by a resurging seaport trade, the Subic Bay Metropolitan Authority (SBMA) recorded an income of PHP387 million last January, the highest monthly revenue ever recorded in the Subic agency's almost 30 years of history. SBMA chair and administrator Wilma T. Eisma said on Monday the operating revenue posted in January 2022 was higher by 92 million, or 31 percent, compared to that in the same period last year. The highest monthly revenue previously recorded by the SBMA was PHP358 million in "pre-pandemic" June 2019. The other record highs were PHP343 million in December 2021; PHP337 million in October 2020; PHP324 million in October 2018; and PHP298 million in July 2017. This record-breaking income in January, Eisma said, was accompanied by other positive indicators: an 11-percent increase in operating expense that was higher by PHP10 million; 41-percent growth in earnings before interest, taxes, depreciation, and amortization; and a 20-percent inc

Subic bayEdith marzalWilmat eismaBudget departmentSubic bay metropolitan authoritySubic bay freeport boosted bya resurging seaport tradeHe subic bay metropolitan authority sbma recorded an income of php387 million last januaryHe highest monthly revenue ever recorded in the subic agency 39s almost 30 years of history sbma chair and administrator wilmat eisma said on monday operating posted january 2022 was higher by 92 millionR 31 percentOmpared to that in the same period last year highest monthly revenue previously recorded by sbma was php358 million quot pre pandemic june 2019 other record highs were php343 december 2021 php337 october 2020 php324 2018 and php298 july 2017 this breaking income januaryIsma saidAs accompanied by other positive indicators an 11 percent increase in operating expense that was higher php10 million 41 growth earnings before interestNd amortization anda 20 percent increase in net income before tax with subsidyHich at php222 million was higher by php38 eisma also said sbma 39s seaport operations alone contributed php221 4Ith php91 62 million from cargo charges sbma shares terminal income php75 32 leases and rentals php34 17 vessel php12 28 quot we are hoping that this januaryEcord will bea foretaste of what 39s to come in the succeeding months