SHV Autonomous Port Posts 455% Net Income Increase in H1 2021

• Kongleaphy Keam
• 13 August 2021
• Uncategorized
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Sihanoukville Autonomous Port posted an H1 net profit increase of 455% y-o-y as it considers building additional infrastructure to meet the demand of service and economic growth.

The port stated in its Second Quarterly Report issued on 12 August that the January-June net profit was 14,075 billion riels (approximately US$12.48 million), a year-on-year increase of 455%.

The increase in income is attributed to the port’s active ongoing business activities as it plans to expand additional infrastructure development.

Currently, the port is in the process of building a new port terminal which is 350m in length and 14.5m depth to accommodate larger ships. The port construction is expected to cost US$218 million funded by an ODA loan from the Japanese government.

As planned, the port expansion is set for completion in 2023. (Read more)

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