Revenue for Phnom Penh Autonomous Port (PPAP) for January came in 15 percent lower at $2.9 million as opposed to $3.3 million registered a year ago, its latest filing with Cambodia Securities Exchange showed.
Broken down, the figures revealed a contraction in port operations, down 25 percent to $2.1 million compared to $2.8 million in the corresponding period in 2022.
However, the value derived from port authority activities, other services and incomes rose 12 percent, 9,524 percent and 22 percent to $391,090, $149,634 and $216,152, respectively, from 2022.
Last Friday, PPAP shared that container throughput fell 25.5 percent year-on-year (YoY) to 27,546 TEUs (twenty-foot equivalent units) in January from 36,967 TEUs.
The port’s cargoes and gas fuel tonnage also slipped 11.5 percent to 322,616 tonnes from 364,332 tonnes in the corresponding period last year.
Similarly, cargo vessels calling on the port decreased 17 percent to 319 vessels, however, the number of passenger boats and passengers rose to 60 boats and 2,087 persons from zero, respectively, last year.
The counter closed unchanged at 14,900 riel for a full market capitalization of 1.7 trillion riel (approximately $415 million).
