Logo of Phnom Penh Post newspaper Phnom Penh Post - PPAP sees slight profit growth in first 9 months

PPAP sees slight profit growth in first 9 months

Shipping containers sit at the Phnom Penh Autonomous Port in 2010.
Shipping containers sit at the Phnom Penh Autonomous Port in 2010. Pha Lina

PPAP sees slight profit growth in first 9 months

State-owned Phnom Penh Autonomous Port (PPAP) reported a slight uptick in revenue, growing from $11.3 million to $12.3 million during the first nine months of 2016, compared to the same period last year, in a filing yesterday to the Cambodia Securities Exchange (CSX).

Meanwhile, net profit for the period increased by $500,000 to $3.2 million, compared with $2.7 million for the first nine months of 2015.

PPAP’s share price increased by 60 riel yesterday, ending the day at 5,360 riel ($1.32) in low-volume trading.

MOST VIEWED

  • US think tank warns of China's 'ulterior motives'

    A US think tank on Tuesday warned that spreading Chinese investment in the Indo-Pacific follows a pattern of leveraging geopolitical influence at the expense of the nations receiving investment, including Cambodia. The report looks at a sample of 15 Chinese port development projects, noting that the

  • Defence Ministry denies weapons in smuggling case came from Cambodia

    After a Thai national was arrested last week for allegedly smuggling guns from Cambodia to Thailand, Cambodia's Defence Ministry has claimed the weapons seized during the arrest are not used in Cambodia, despite the fact that both types of rifle seized are commonly found in

  • More than three tonnes of ivory reportedly bound for Cambodia seized in Mozambique

    A total of 3.5 tonnes of ivory reportedly bound for Cambodia was seized by authorities in Mozambique late last week, according to the NGO Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). CITES' information was based on a report from the

  • Stock photo agencies cash in on Khmer Rouge tragedy
    Stock-photo companies selling images from S-21 raises ethics concerns

    A woman with short-cropped hair stares directly into the camera, her head cocked slightly to the side. On her lap is a sleeping infant just barely in the frame. The woman was the wife of a Khmer Rouge officer who fell out of favour, and