Phnom Penh Autonomous Port Sees H1 Revenue Surging

Public-listed stated-owned enterprise Phnom Penh Autonomous Port (PPAP) recorded a 29 percent increase in unaudited revenue to US$19.76 million in January-June period this year.

PPAP said in a filing to the Cambodia Securities Exchange (CSX) last week that the number of cargo vessels handled at the river port in the first semester increased by 85.66 percent to 2,124, as oil, gas and cargo throughput rose by 8.60 percent to 2.10 million tonnes.

The container throughput surged by 42.02 percent to 209,176 TEUs (twenty-foot equivalent units), read the report.

In the June alone, the port posted US$3.59 million in unaudited revenue, a 28 percent increase year-on-year.

The port’s revenue increase reflects the recovery of regional and global business activity as the Covid-19 crisis eases.

The port has unveiled plans to build seven river-based ports to boost agricultural and tourism transportation, ensuring greater accessibility for customers and reduce costs.

Source: Agency Kampuchea Press