Cambodia: PPAP revenue jumps 21 percent in three quarter period

Local publicly-listed river port operator, Phnom Penh Autonomous Port (PPAP) reported a revenue of over $30.3 million during the January-September period of 2022, a 21 percent year-on-year compared to the same period in 2020.

The state-owned enterprise broke these down as “port operation” ($25 million, up 26 percent year-on-year), “port authority” ($3.1 million, up 20 percent), “other services” ($212,000, down 22 percent) and “other income” ($1.8 million, down 13 percent).

In March, a groundbreaking ceremony for the cross-docking and cold storage facility was carried out at Container Terminal LM17 on National Road No. 1.

It was the first step of the port’s development project. The existence of a cold warehouse will help it to meet the customer needs for storing, packaging, consolidating or deconsolidation, and stuffing or unsnuffing cargoes for export and import via the port. AKP-Chea Vannak