Logo of Phnom Penh Post newspaper Phnom Penh Post - Port director optimistic over growth in revenue

Port director optimistic over growth in revenue

Port director optimistic over growth in revenue

THE general director at state-run Sihanoukville Autonomous Port, which is set to list on Cambodia’s planned stock exchange, expects its revenues to increase 7 percent this year.

Lou Kim Chun said yesterday that the revenue from transport services at the coastal transport hub was expected to increase by 7 percent on the $28.42 million garnered last year. Estimated revenue would top $30 million.

“We hope that this year the income will go up because amount of goods exchanged through our port in January was better compared to last year,” he said yesterday.

Independent economic analyst Huot Pom said that he expected 2011 to see an increase in freight transported through the Kingdom, due to the government’s policy to boost rice exports and bolster industry. He expected trade in agricultural produce and imports of construction equipment to increase.

According to a port report, January saw 18,349 twenty-foot equivalent units (TEUs) handled by the port, an 10.74 percent increase on the same period of last year. In 2010, the port saw TEUs handled rise 7.24 percent increase on 2009. Last month, SBI Phnom Penh Securities was selected as the underwriter for the port’s IPO.

MOST VIEWED

  • Temi tourism project approved by the CDC

    The $500.4 million Tourism, Ecological, Marine and International (Temi) tourism project has been approved by the Council for the Development of Cambodia (CDC), according to a notice on its Facebook page on Monday. The project is part of Chinese-owned Union City Development Group Co Ltd’s (

  • Rainsy will return at ‘favourable time’

    Opposition figure Sam Rainsy on Saturday suggested he would not return to Cambodia as he had previously promised, saying that like liberators King Father Norodom Sihanouk and Charles de Gaulle, he would only do so at a “favourable time”. “I will go back to Cambodia

  • US Embassy urged to stop ‘disrespecting sovereignty’

    The Ministry of Foreign Affairs and International Cooperation called on the US Embassy in Phnom Penh on Saturday to respect the Vienna Convention on Diplomatic Relations after it called former opposition leader Kem Sokha “an innocent man” – a move deemed to be “disrespecting Cambodia’s

  • NagaWorld casino sees net profit of more than $390M last year

    Phnom Penh’s NagaWorld casino posted a 53 per cent net profit increase last year at $390.6 million, a sum which is almost equal to the combined net profit of all Cambodian commercial banks in 2017. NagaWorld’s parent company, NagaCorp Ltd, is listed on the Hong Kong