Phnom Penh Autonomous Port’s (PPAP) revenue for the first quarter ending March 31, 2023 declined 13 percent year-on-year (YOY) from $9.5 million to $8.2 million, its filing with Cambodia Securities Exchange showed last week.
According to PPAP, port operations saw a contraction of 25 percent to $5.9 million as opposed to $7.9 million in the corresponding period of 2022, while fees paid for port authority services increased 15 percent YOY to $1.2 million.
The port’s other income, such as rental and interest income from deposits and leases, recorded a 25 percent gain at $700,242 whereas other services surged 874 percent to $471,100 from $48,387 in the first quarter of 2022.
For the month of March this year, PPAP posted a lower revenue at $3 million compared to $3.3 million a year ago, with port operations turnover retreating 22 percent YOY to $2.1 million against $2.7 million.
At press time, PPAP was trading 0.27 percent lower at 14,900 riel with 109 shares transacted for a full market capitalisation of 308.2 billion riel ($75.9 million).
