Sign up | Log in



Home  >>   Daily News  >>Cambodia>>Capital Markets>>PPAP net profit up 26% in Q1
NEWS UPDATES Asean Affairs     23 June  2016  

PPAP net profit up 26% in Q1

Listed port operator Phnom Penh Autonomous Port (PPAP) reported increases in both revenue and net profit during the first quarter of the year, it said in a filing to the Cambodian Securities Exchange (CSX) the day before yesterday.

Total revenue during the first three months of 2016 reached the equivalent of $3.87 million, an increase of $354,000, or 10 per cent, compared to the same period last year. Net profit rose to $901,000 during the first quarter, a 26 per cent year-on-year increase.

Hei Bavy, CEO of PPAP, attributed the positive figures to Cambodia’s robust economic growth, which in turn drives trade and shipping.

“Both the increase in revenue and profits are the result of the Cambodian economy, which is continually growing, and customers supporting our service”, he said, predicting that the port operator would achieve 9-10 per cent annual growth this year.

According to the CSX filing, PPAP’s three main revenue sources were stevedoring, which contributed 39.5 per cent, and LOLO, with 30.4 per cent. The remainder came from overall port operations.

PPAP became the third company to list on the CSX after raising $5.2 million in an initial public offering late last year. The company’s shares closed at 5,460 riel the day before yesterday, up 20 riel in low-volume trading.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           June 23, 2016 Subsribe Now !
• HCM City economy grows 7.47% Subcribe: Asean Affairs Global Magazine
• SME development crucial in diversifying local economy
• PPAP net profit up 26% in Q1
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Kido Group reports 2015 sales of $136m
Sinar Mas to build Indonesian version of Silicon Valley
Asean Analysis                  June 10, 2016
• Asean Analysis June 10, 2016
Aung San Suu Kyi Sets Out to Find “Practical Solutions” in Rakhine State, and the World Should Help
Advertise Your Brand

Asean Stock Watch   June 22, 2016
• Asean Stock Watch-June 22, 2016
The Biweekly Update
• The Biweekly Update  June 10, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand