Mario Malinao, port manager, during the Davao Business Forum at SM City’s MediSpa , told that even with the not so good economic indicators affecting the industry, the port is viable up to this time. Malinao added that despite the skyrocketing cost of fuel that occurred in 2006 up to the present, Davao Fishport Complex operation is still very viable that for every peso they earn, the port only spend 78 centavos or a net proceed of 22 centavos. It is told that the Davao fishport operating cost ratio for three years back is between 80 to 85 centavos.
Malinao expressed that they have tighten their belt to save on operating cost, that is why their expenditure is lower compared the previous years. Malinao also informed that the revenue generated in 2005 for gross proceeds was at P31.5 million and the net income at P7.3 million, 2006, P36.019 million while net income at P10.7 million, the highest recorded revenue, and in 2007 at P36.349 million with net proceed of P8.21 million. He added that for the current year, they are still within their projection level of their target at P39 million.
He states that there is reduction in the number of arrivals of foreign vessels from January to July this year with only 289 compared to the same period last year of 429. He also said that the decrease in volume couldn’t be attributed to some Taiwanese commercial fishermen who accommodate the catch of their fellow businessmen to also save on operational expenses. He told that the fishing is badly affected with the high cost of oil and other commodities.
