3 days ago
Cambodia's two largest state-owned ports disclose net profits in Q1
PHNOM PENH, May 28 (Xinhua) -- Cambodia's two listed state-owned ports, Sihanoukville Autonomous Port (PAS) and Phnom Penh Autonomous Port (PPAP), disclosed their net profits in the first quarter (Q1) of 2025, according to their financial reports on Wednesday (May 28).
The PAS, the kingdom's largest deepwater seaport, made a net profit of 2.62 million U.S. dollars during the January-March period this year, down 68 per cent compared to the same period last year, said the report filed to the Cambodia Securities Exchange (CSX).
"There was an increase of unrealized foreign exchange loss from the Japanese Yen, which led to a decrease in net profit if compared to Q1 of 2024," the report said.
Meanwhile, the PPAP, which is the country's second-largest container hub, recorded a net profit of 3.6 million dollars in Q1 of 2025, up 134 percent compared to Q1 of 2024.
"The above achievement is because the PPAP has paid attention in providing the service of port operation with transparency and efficiency in responding confidently to the needs of customers," PPAP's Chairman and Chief Executive Officer Hei Bavy said in the report. - Xinhua
