Phnom Penh Autonomous Port (PPAP) saw a one percent year-on-year (YOY) uplift in revenue for the month of June, coming in at $3.6 million following a continued decline in the first five months of the year.

However, the marginal gain failed to pull up total revenue for the first half ended June 30, 2023 (H1’23) which fell 19 percent to $17.9 million from $22.3 million a year ago, its filing with Cambodia Securities Exchange (CSX) revealed last Friday.

Port operation, its core revenue generator, fell 17 percent to $13.6 million, along with “other incomes”, which dropped 56 percent to $1.6 million, from $16.4 million and $3.6 million, respectively, in the corresponding period last year.

The breakdown for January to June showed that container TEUs (twenty-foot equivalent units) tumbled 15.3 percent to 177,097 as opposed to 209,176 TEUs a year ago.

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The port reported the same in the cargoes and gas fuel segment where it handled 2.2 percent less tonnage than it did in H1’22.

On the bright side, passenger vessels rose to 251 from zero a year ago, while the number of cargo vessels calling at the port increased 7.2 percent YOY.

At press time, the counter was up 0.14 percent at 14,180 riel for a full market capitalisation of 293.3 billion riel ($71.1 million).

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