Cambodia PPAP releases solid Q4 report despite downturn fueled by Coronavirus

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(The Khmer Times)

Phnom Penh Autonomous Port (PPAP) registered a pre-tax profit of $2.85 million last quarter, a 25 percent decrease over the same period in 2019, according to its quarterly report.

Previous filings reported that PPAP’s revenue decreased by 2 percent in Dec, an upwards trend away from the firm’s overall revenue decline of 11 percent during Q42020.

The company’s total pre-tax profit for the fiscal year was over $12.5 million, while the firm held more than $26.65 million in reserves as of Jan 1.

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