Cambodia’s two state-owned ports – Sihanoukville Autonomous Port (PAS) and Phnom Penh Autonomous Port (PPAP) – have seen remarkable growth in profits in 2018, a Transport Ministry’s annual report showed on Thursday.
PAS, the kingdom’s largest seaport, made a net profit of 8.97 million U.S. dollars last year, up 43 percent compared to a year earlier, said the report released at the end of the ministry’s annual conference.
The listed seaport handled 537,107 twenty-foot-equivalent units, or TEUs (standard-sized containers), last year, up 17 percent compared to the year before, it said, adding that containerized cargo tonnage increased 19 percent to almost 5.2 million tons.
According to the report, the listed PPAP, which is the country’s second largest container hub, recorded a net profit of 7.35 million U.S. dollars in 2018, up 36 percent compared to 2017.
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