Cambodia’s 2 largest state-owned ports disclose net profits in Q1

Cambodia’s 2 largest state-owned ports disclose net profits in Q1

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.

The PAS, the kingdom’s largest deep-water seaport, made a net profit of $2.62 million during the January-March period this year, down 68 percent compared to the same period last year, said the report filed to the Cambodia Securities Exchange (CSX).

“There was an increase of unrealised 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, the country’s second-largest container hub, recorded a net profit of $3.6 million in Q1 2025, up 134 per cent compared to Q1 2024.

“The above achievement is because the PPAP has paid attention to 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. 

khmertimeskh