PPAP: Higher dividends may be on the way

THE Phnom Penh Autonomous Port (PPAP) – listed on the Cambodia Securities Exchange (CSX) – has reported a 35 per cent increase in total revenue for this fiscal year compared with the previous period.

According to PPAP’s annual estimated financial reported filed at the CSX on Monday, total revenue reached some $29.828 million, up from $22.109 million.

CSX Market Operations Department acting director Kim Sophanita told The Post that she believed the increase signalled that the port will remain an attractive option for investors at the CSX and will likely issue higher dividends to shareholders.

“PPAP has been always an outstanding listed company as it always reports very positive business performance. This in turn will add value to the company through investor trust and confidence,” she said.

Sophanita credited a sound macroeconomy and business improvements for the gains.

The PPAP report said container throughput reached 275,000 twentyfoot equivalent units ( TEU), a 29 per cent increase when compared with the 213,571 TEU throughput reported last year.

Meanwhile, the number of cargo vessels entering the port increased by 29 per cent to 2,350 from 2,023.

Ca rgo-f uel a nd ga s t hroug hput experienced a 22 per cent increase to 3,810,6 65 ton nes f rom 3,13 4,996 tonnes.

Some 51,828 international cruise ship passengers also travelled to the port this year, a 17 per cent increase when compared to last year’s 44,290.

Total cr uise ship throughput increased two per cent, up to 2,290 vessels from 2,249.

PPAP director-general Hei Bavy was not able to provide The Post with a comment on Wednesday.