PPAP Reports US$23 Million Earnings for First Eight Months of 2023, Sees 9% Decrease

• 9 October 2023
• Local News
• 1233 Views

In the first eight months of 2023, the Phnom Penh Autonomous Port (PPAP) disclosed earnings amounting to US$23,431,210. However, this figure represents a 9% decrease when compared to the corresponding period last year. This financial update was officially released in a press statement by the Phnom Penh Autonomous Port on 13 September 2023.

The reported total revenue for the Phnom Penh Autonomous Port is derived from three primary sources. Firstly, revenue from port operations contributed US$19,779,307, which reflects a 12% decrease. Secondly, revenue from the Port Authority amounted to US$3,122,485, marking a 10% increase. Lastly, revenue from other services witnessed a substantial boost, reaching US$529,418, a notable increase of 165%. It’s important to note that these total revenue figures have not yet undergone an audit.

In August 2023, the Phnom Penh Autonomous Port generated US$3,443,919 in earnings, although this amount remains unaudited and represents a 6% decrease in comparison to the same period last year.

 

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